Tishman Speyer to build major Data Center Campus in Frankfurt as AI Drives Demand for significantly increased Computing Power

FRANKFURT – May 13, 2024 – Tishman Speyer (“Tishman Speyer” or “the firm”), one of the
world’s leading international developers, owners, operators and asset managers of prime real
estate, announces the signing of a definitive agreement with SAMSON AG to acquire a 75,000
sqm prime location in Frankfurt for the development of a major new sustainable data center
facility and urban industrial and logistics hub. This will be Tishman Speyer’s first industrial
development in Europe, building on the strength of its portfolio in the United States. The allnew
mixed-use campus will be located close to both the city’s Central Business District and to
one of Frankfurt’s largest data center clusters.

Tishman Speyer has also signed an agreement with Mainova WebHouse GmbH, a subsidiary of
the energy supplier Mainova AG and an experienced data center developer and operator,
focused on the Frankfurt market, under which Mainova WebHouse has an option to become
the firm’s joint venture partner in this important project.

The firm has previously identified data centers as one of the most attractive sectors for the
ongoing diversification of its business portfolio and securing this rare opportunity in Frankfurt,
home to one of the world’s busiest internet exchange points (DE-CIX), is its first major move
into the sector. The proposed data center campus comprises an initial c. 32 MW of IT-load,
with an eventual full build-out capacity of up to c. 70 MW of IT-load in this fast-growing market
where there continues to be high demand from hyperscaler clients for new capacity, particularly
for centrally located sites.

This prime location – situated in the Frankfurt Osthafen area – has been acquired from
SAMSON, a leading global supplier of valves, actuators and intelligent flow control systems,
which is in the process of moving its headquarters and operations to a new location in
Offenbach. The financial terms of the transaction have not been disclosed. With this
agreement, SAMSON has achieved its objective of selling this large site to a party with a
cohesive masterplan for the entire site, working in close collaboration with the city of Frankfurt.
This follows exclusive negotiations with Tishman Speyer that have been under way since
January 2023. Tishman Speyer was considered an ideal acquirer given its deep local knowledge
– the firm has been present in Germany for over 35 years - and its first-class track record
delivering state-of-the-art large scale, complex commercial development projects.

In addition to the core data center development, the project masterplan also includes a light
industrial element with multiple buildings including a self-storage facility and craftsmen’s yards.
Frankfurt and the wider Rhine-Main region are currently experiencing a severe shortage of new
light industrial space with additional space in high demand notably from logistics and retail
sector clients. This site has the added attraction of its proximity to Frankfurt city center also in
respect of this light industrial and last mile logistics sub-project.

Florian Reiff, Managing Director of Tishman Speyer’s business in Germany said: “The successful
outcome of our discussions with SAMSON for the future of this exceptional site opens the way
for this major new development of a highly sustainable data center and light industrial campus.
I'd like to thank our partners at Mainova WebHouse and SAMSON for sharing our vision for
this important project in a prime urban setting in support of Frankfurt’s continued vibrancy."

Rob Speyer, CEO of Tishman Speyer said: "We‘re excited to partner with Mainova WebHouse
as we enter the data center space. This project aims to bring new capacity online just as the
computing power requirements of AI need it most. This is a model transaction for future
investments we look to make in this growing sector.”

Oliver Schiebel, CEO of Mainova WebHouse said: “We are looking forward to this joint
opportunity of bringing sustainable data centers to a location where they are needed most. Our
most sustainable design which already exceeds all the requirements of the latest renewable
energy act will be taken to the next level at this location, delivering significant waste heat
capacity to Mainova’s district heating grid, for the people and businesses in the east of Frankfurt
to benefit from carbon neutral district heat.”

Dr. Dominic Deller, member of the Executive Board and CFO of SAMSON, said: “The sale of
this second major part of our historic site in Frankfurt is another important milestone in the
transformation of our company. We are pleased that the site was sold to a long-established
Frankfurt company that will be working closely with the city of Frankfurt to retain jobs in
Frankfurt's East harbour district by investing in future technologies that are essential for the
digitalization of the German economy."

Tishman Speyer’s investment in this landmark data center campus project will be made by its
European TSEV IX value-add fund.

Tishman Speyer was advised by Clifford Chance, Samson was advised by bhp Bögner Hensel &
Partner and Mainova WebHouse was advised by Latham Watkins LLP.

About Tishman Speyer (tishmanspeyer.com)
Tishman Speyer is a leading owner, developer, operator and investment manager of first-class real
estate in 35 key markets across the United States, Europe, Asia and Latin America. Our portfolio
spans market rate and affordable residential communities, premier office properties and retail
spaces, industrial facilities, and mixed-use campuses. We create state-of-the-art life science centers
through our Breakthrough Properties joint venture, and foster innovation through our strategic
proptech investments. With global vision, on-the-ground expertise and a personalized approach, we
are unparalleled in our ability to foster innovation, quickly adapt to global and local trends and
proactively anticipate our customers’ evolving needs. By focusing on health and wellness,
enlightened placemaking and customer-focused initiatives such as our tenant amenities platform,
ZO, and our flexible space and co-working brand, Studio, we tend not just to our physical buildings,
but to the people who inhabit them on a daily basis. Since our inception in 1978, Tishman Speyer
has acquired, developed, and operated 556 properties, totaling 225 million square feet, with a
combined value of over $128 billion (U.S.). Our current portfolio includes such iconic assets as
Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt and the
Mission Rock neighborhood currently being realized in San Francisco.

About Mainova WebHouse GmbH
Mainova WebHouse, which was founded in 2020, specializes in the planning, construction and
operation of particularly sustainable data centers. A design optimized for the Frankfurt market and
its climate allows for a particularly space- and energy-efficient construction. Mainova WebHouse
places a strong emphasis on the extraction of waste heat to provide CO²-neutral heating of the
surrounding area and to make a measurable contribution to the process of energy transition.

Media contacts:
Germany: Volker Binnenböse,
Feldhoff & Cie. GmbH
E: vb@feldhoff-cie.de
T: +49 (0)69 2648677-15
M: +49 (0)176 10430063
E: tz@feldhoff-cie.de

Europe: Richard Holloway, Gelso Consulting
E: rh@gelsoconsulting.com