On April 29, 2024, the sales contract for the second part of the SAMSON company premises in Frankfurt/Main was signed. The provider of products and systems for controlling a wide range of media announced the sale on its website. The US real estate company Tishman Speyer has acquired the site.
75,000 m2 is the size of the area SAMSON has sold. A first part of the site was already sold in April; the buyer was TenneT TSO. The transmission system operator took over approx. 50,000 m2 of the company premises in order to use the area for grid expansion measures.
Buyer plans commercial use
Tishman Speyer has now taken over the next part of the site. The international project developer, owner, operator and investment manager of high-quality real estate based in New York has also been in business in Germany for more than 35 years. The newly acquired site is to be used for industrial, commercial and data center purposes. For SAMSON, this concludes the planned sale of the Frankfurt property.
Dr. Dominic Deller, Member of the Executive Board and CFO of SAMSON AG, is delighted with the agreement with Tishman Speyer. “We are pleased that with this transaction we have succeeded in selling the site to a company that has been established in Frankfurt for many years, works closely with the city of Frankfurt and invests in segments that keep jobs in Frankfurt's Osthafen, but are also essential for the digitalization of the German economy and future technologies,” he says.
Florian Reiff, Managing Director Germany at Tishman Speyer, is also positive: “I would like to thank our partners at SAMSON for sharing our vision for this important project at this exciting inner-city location. We are convinced that it will support the further dynamic development of Frankfurt."
SAMSON invests proceeds in new company headquarters
As with the previous partial sale, the proceeds will be used to expand the company's new headquarters. In 2021, the “Main Change” project was launched, in the course of which SAMSON will relocate its headquarters from Frankfurt to Offenbach/Main. The new company headquarters is the largest investment and innovation project in the history of the 117-year-old company and is now under construction.
SAMSON plans to complete the construction work by the end of 2026, when the sold areas will also be handed over. The Rolf Sandvoss Innovation Center, which was only built in 2017, will remain in Frankfurt am Main.
