Deutsche Bank to invest EUR 200m in HQ revamp

Deutsche Bank plans to redevelop the two 155-metre towers in Frankfurt that have served as the bank's headquarters since 1984. The renovation plan is aimed at transforming the towers at Taunusanlage 12 into an environmentally-friendly, energy-saving property. The cost of the revamp is said to be around EUR 200 mln.

'Based on our commitment to sustainability, our aim is to make an active contribution to environmental protection, by reducing energy consumption and CO2 emissions in the building by at least 50%,' said bank executive Hermann-Josef Lamberti. The building will also have a newly designed foyer, larger conference rooms and flexible office space. The bank has commissioned the world-renowned Milanese architect, Mario Bellini, to create the interior design.

During the past few months, all the approximately 2,500 employees of the group have moved out of the building into other offices in Frankfurt. The bank estimates construction work will take 30 months to complete. The move back to the headquarters is scheduled for summer 2010.