New York Firm to Build Tallest Europe Tower

Tishman Speyer Properties, New York, will build a nearly 850-foot-tall skyscraper in Frankfurt, West Germany, that will be Europe’s tallest office building when completed in 1991.

Ground is expected to be broken July 1 on the project, designed by architect Helmut Jahn of Murphy/Jahn, Chicago. The cost is expected to be nearly $300 million, according to Jerry I. Speyer, president of Tishman Speyer.

The 920,000-square-foot Messeturm (Trade Fair Tower) is part of a 10-year renovation and expansion program at the Frankfurt fairgrounds, according to Horstmar Stauber, chairman of the board of the Frankfurt Trade Fair Co.

Citibank is providing the financing for the project, which will be owned and managed by Tishman Speyer.