Bloomberg - Goldman agrees to lease Frankfurt space

Frankfurt Skyline

Goldman Sachs has agreed to lease offices at a new building in Frankfurt as it seeks additional space ahead of the U.K.’s departure from the European Union.

Bloomberg News reports that the bank agreed to lease space on the upper floors of the Marienturm tower that is being built in the city’s financial district, the firm said in an emailed statement.

The bank is renting about 10,000 square meters (108,000 square feet) of offices, enough for about 1,000 workers, according to two people with knowledge of the matter, who asked not to be identified as the matter is private.

Goldman Sachs is considering post-Brexit scenarios that would see the staffing level in Frankfurt rise as much as fourfold from the current level of about 200, Wolfgang Fink, the co-chief executive officer for Germany, said last month.

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