Deutsche Bank to Sell Frankfurt Headquarters, FTD Reports

Deutsche Bank AG is seeking a buyer for its Frankfurt headquarters, three years after purchasing the twin towers dubbed Debit and Credit and reconstructing the buildings to make them energy efficient, Financial Times Deutschland reported, citing unidentified people familiar with the situation.

A Deutsche Bank spokesman confirmed the plan to the German newspaper. The Frankfurt-based lender bought the buildings for 272 million euros ($356 million) in 2007 from one of its own funds, according to FTD. It spent 200 million euros on making them more environmentally friendly and may generate 500 million euros from a sale, the newspaper said.

Deutsche Bank may lease the buildings back from a potential buyer, FTD said.

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