Bloomberg - Deutsche Bank said in hunt for more Frankfurt office space

Deutsche Bank is scouting Frankfurt for office space that could hold as many as 1,600 workers as it plans for life after Brexit, two people with knowledge of the search said.

Bloomberg News reports that the bank is seeking 15,000 square meters (161,000 square feet) to 20,000 square meters of office space that it could occupy within about two years, the people said, asking not to be identified because the plan is private. That’s enough space for about 1,200 to 1,600 people, based on modern office property standards.

No final decisions on the size or location of the new office have been taken and a formal search is expected to start in a few weeks, the people said. A spokesman for Deutsche Bank, whose current headquarters is one of the city’s landmarks, declined to comment.

Deutsche Bank expects to move about 4,000 positions to Frankfurt and Berlin due to Brexit, people briefed on the matter said in August.

Hit the link below to access the complete Bloomberg News article:

Deutsche Bank Seeks New Post-Brexit Frankfurt Office

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