Commerzbank Secures Lease in Frankfurt with Helaba

Deal News | Feb 18, 2025 | Landesbank Hessen-Thueringen G

Landesbank Hessen-Thueringen G., commonly known as Helaba, has cemented a significant real estate transaction by fully leasing the Central Business Tower (CBT) in Frankfurt to Commerzbank. The lease, which spans a tenure of 15 years, involves over 73,000 square meters of office space. This agreement underlines the growing emphasis on sustainability in real estate, as it is structured as a 'green lease,' reflecting both parties' commitment to environmental responsibility. The transaction signifies a robust demand for prime real estate in one of Europe’s financial hubs and highlights Commerzbank’s strategic move to consolidate its operations within a major commercial center. Helaba's role as a prominent financial institution facilitates such impactful and large-scale real estate investments, aligning with its regional economic development mandate.

Sectors

  • Real Estate
  • Financial Services

Geography

  • Germany – The transaction primarily involves companies based in Germany, specifically in Frankfurt, a major financial hub.
  • Frankfurt – Frankfurt is the city where the Central Business Tower is located, highlighting its role as a core location for financial services in Europe.

Industry

  • Real Estate – The leasing agreement for office space in the Central Business Tower pertains to the Real Estate industry, showcasing a significant transaction within the commercial property market.
  • Financial Services – Both Helaba and Commerzbank are major players in the financial services industry, and the transaction represents strategic decisions within this sector.

Financials

  • 73,000 sqm – The total office space leased by Commerzbank in the Central Business Tower.

Participants

NameRoleTypeDescription
Landesbank Hessen-Thueringen G. (Helaba)PE FirmCompanyHelaba is a prominent German bank involved in various financial services, including real estate investment.
CommerzbankLesseeCompanyCommerzbank is a major German bank which has secured a lease for office space in the Central Business Tower.