Commerzbank to become main tenant of the Central Business Tower in Frankfurt

• 15-year lease agreement signed with Helaba Landesbank Hessen-Thüringen
• Lease of more than 73,000 square metres on 52 floors as of 2028
• 205-metre-high office tower offers space for 3,200 state-of-the-art workstations

Commerzbank will be the first and main tenant of the Central Business Tower (CBT) in Frankfurt am Main as of 2028. The green lease between Commerzbank and Helaba Landesbank Hessen-Thüringen as the developer and owner of the high-rise building has a term of 15 years. The office tower in Frankfurt’s banking district will accommodate 3,200 state-of-the-art workplaces on 52 floors. The property is just a short walk from the iconic Commerzbank Tower which – together with the CBT – will be home to the Bank’s central functional and group management units.

“The Central Business Tower is a modern, efficient and sustainable building that reflects Commerzbank’s identity and culture and meets our requirements for state-of-the-art office premises,” explains Sabine Mlnarsky, Commerzbank Board member responsible for the areas personnel, organisation and security and therefore also for the Bank’s property portfolio. “Alongside the Commerzbank Tower, the new building will be an important anchor for Commerzbank in Frankfurt's city centre. The CBT will feature high-quality business premises that will allow us to offer our employees an attractive working environment.”

The project is being implemented by Helaba as owner and project developer. “We are delighted to have found a long-term tenant for the Central Business Tower with its outstanding office location and exceptional quality. The CBT is a high-calibre project and will soon be a new landmark of the Frankfurt skyline,” said Christian Schmid, Helaba Board member responsible for real estate business. “The lease of the property shows that – despite all the prevailing challenges and sentiments – it’s a matter of having the right partners and the right product to be successful even in times like these. I would like to thank everyone who has made this tremendous success possible.”

The Central Business Tower is currently under construction and is planned to be ready for occupancy by 2028. The first Commerzbank employees are expected to move into the building at the end of 2028. The CBT consists of a 205-metre-high office tower (The Tower) supplemented by a base building into which the heritage-listed façade and rotunda foyer of the historic bank from 1891 will be integrated (The Bank). The two buildings will be connected by a multi-storey glass hall. On a gross floor area of around 115,000 m², public areas will be created alongside offices to include an upmarket restaurant, a café and a branch of the Frankfurt Weltkulturen Museum.

In addition to the Commerzbank Tower, the CBT offers the opportunity to consolidate the buildings belonging the Commerzbank Headquarters right in the heart of Frankfurt's highly attractive banking district. The central functions are currently spread across several building complexes in Frankfurt and the neighbouring town of Eschborn. With the CBT, a state-of-the-art property has been added to Commerzbank’s portfolio. Commerzbank’s workplace concept, which will be realised in the new building, puts a special focus on personal encounters, hybrid meetings and a focused approach to work.

Advisors to Commerzbank were Hogan Lovells International LLP and BNP Paribas Real Estate GmbH; Helaba was advised by McDermott Will & Emery Rechtsanwälte Steuerberater LLP.

Press contact Helaba

Rolf Benders
Phone: 49 69 9132-2192

Marco Pfohl
Phone: +49 69 9132-4162

About Commerzbank

With its two business segments – Corporate Clients and Private and Small-Business Customers –, Commerzbank, as a full-service bank, offers a comprehensive portfolio of financial services. It is the leading bank for the German Mittelstand and a strong partner for around 24,000 corporate client groups. Commerzbank transacts approximately 30% of Germany’s foreign trade financing. The Bank is present internationally in more than 40 countries in the corporate clients’ business – wherever its Mittelstand clients, large corporates, and institutional clients need it. In addition, Commerzbank supports its international clients with a business relationship to Germany, Austria, or Switzerland and companies operating in selected future-oriented industries. With more than €400 bn assets under management, Commerzbank is also one of the leading banks for private and small-business customers in Germany. Under the brand Commerzbank, it offers a wide range of products and services with an omni-channel approach: online and mobile, via phone or video in the remote advisory centre, and personally in its around 400 branches. Under the brand comdirect, it offers all core services as a digital primary bank 24/7 and, as a performance broker, solutions for saving, investing, and securities trading. Its Polish subsidiary mBank S.A. is an innovative digital bank that serves approximately 5.8 million private and corporate customers, predominantly in Poland, as well as in the Czech Republic and Slovakia.