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
Name | Role | Type | Description |
---|---|---|---|
Landesbank Hessen-Thueringen G. (Helaba) | PE Firm | Company | Helaba is a prominent German bank involved in various financial services, including real estate investment. |
Commerzbank | Lessee | Company | Commerzbank is a major German bank which has secured a lease for office space in the Central Business Tower. |