Frankfurt/Main – Frankfurt-based Bethmann Bank is set to become the anchor tenant in Frankfurt’s Marienforum, occupying some 8,000 square metres of office space. The bank, which is part of the Dutch ABN AMRO group, will relocate to the new premises in the first quarter of 2019. The private bank is thus leaving its existing Bethmannhof headquarters after more than 250 years. The landlord is developer Pecan Development, acting on behalf of Perella Weinberg Real Estate Fund II LP. The lease has a ten-year term.
A CMS team headed by lead partner Johanna Hofmann advised ABN AMRO/Bethmann Bank on all legal aspects and on tax matters during the negotiations and conclusion of the lease.
Bethmann Bank is part of ABN AMRO Private Banking, a European network of leading private banks under the umbrella of the ABN AMRO Group. The long-established Frankfurt bank is one of the biggest German providers of advisory services for wealthy private clients. The bank’s core activities include asset management, asset advice and wealth planning. It became necessary to leave the bank’s existing headquarters in the Bethmannhof building because it was not feasible to implement a new interior layout that would better meet the needs of clients and employees. The required remodelling or a new build would have taken several years.
The 40-metre-high, ten-storey Marienforum is part of the office complex in Frankfurt’s Marieninsel development. The scheme includes the Marienturm tower, which rises to around 155 metres, and the newly built Marienplatz – a public square featuring cafés, restaurants and retail outlets. Completion of the Marieninsel complex is scheduled for the start of 2019.
Johanna Hofmann, Lead Partner, Real Estate & Public
Dr Thomas Link, Partner, Tax
Sandra Scheib, Associate
Tina Fleuth, Associate
Sarah Rafiqpur, Associate, all Real Estate & Public