Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Deutsche Bank to Sell Frankfurt Headquarters, FTD Reports

Dec. 2 (Bloomberg) -- 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.

Link to Company News:{DBK GR <Equity> CN <GO>}

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.