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    Home > Finance > Commerzbank signs 15-year contract for new high-rise Frankfurt office
    Finance

    Commerzbank signs 15-year contract for new high-rise Frankfurt office

    Published by Global Banking & Finance Review®

    Posted on February 18, 2025

    1 min read

    Last updated: January 26, 2026

    The image showcases the future high-rise office building for Commerzbank in Frankfurt, highlighting its 73,000 square meters and 52 floors. This new space will consolidate staff and enhance operations as Commerzbank navigates its future amid job cuts and a potential merger.
    New high-rise office building in Frankfurt for Commerzbank - Global Banking & Finance Review
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    Quick Summary

    Commerzbank secures a 15-year lease for a new Frankfurt high-rise, consolidating staff and reinforcing its independence amid takeover attempts.

    Commerzbank Secures 15-Year Lease for New Frankfurt Headquarters

    FRANKFURT (Reuters) - Commerzbank, which last week announced job cuts in Germany as it fends off a takeover approach from Italy's UniCredit, has signed a 15-year rental contract for a new high-rise office in Frankfurt.

    The German bank said the building will allow it to help consolidate staff scattered around Frankfurt next to its main headquarters in the city centre.

    The lease, for 73,000 square metres over 52 floors, will provide 3,200 workplaces from the end of 2028.

    Commerzbank, the nation's No. 2 lender, is currently trying to buttress its future as an independent bank.

    Its standalone strategy came into question last year when UniCredit shocked Germany's corporate and political establishment by snapping up a hefty stake in Commerzbank, with the Italian bank's CEO Andrea Orcel pressing for a tie-up in the most ambitious attempt yet at a pan-European bank merger.

    Last week, Commerzbank announced plans to axe 3,900 jobs, mainly in Germany, to help it deliver more ambitious profit targets as it fended off the advance.

    (Reporting by Tom Sims; Editing by Ludwig Burger and Jan Harvey)

    Key Takeaways

    • •Commerzbank signs a 15-year lease for a new office in Frankfurt.
    • •The new building will consolidate staff in one location.
    • •Commerzbank is fending off a takeover from UniCredit.
    • •The lease covers 73,000 square meters over 52 floors.
    • •Commerzbank plans job cuts to meet profit targets.

    Frequently Asked Questions about Commerzbank signs 15-year contract for new high-rise Frankfurt office

    1What is the duration of the lease signed by Commerzbank?

    Commerzbank has signed a 15-year rental contract for its new office.

    2How many workplaces will the new building provide?

    The new building will provide 3,200 workplaces from the end of 2028.

    3Why is Commerzbank consolidating its staff?

    Commerzbank aims to consolidate staff scattered around Frankfurt next to its main headquarters in the city center.

    4What recent changes has Commerzbank announced regarding its workforce?

    Last week, Commerzbank announced plans to cut 3,900 jobs, mainly in Germany, to achieve more ambitious profit targets.

    5What challenge is Commerzbank currently facing?

    Commerzbank is fending off a takeover approach from Italy's UniCredit while trying to maintain its independence.

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