The Deutsche Bundesbank has launched a Europe-wide negotiated procurement procedure with competitive tender for its new Central Office. The German central bank aims to award the contract by the end of 2027.
The Bundesbank is seeking to purchase a turnkey property, either newly constructed or fully renovated, including a plot of land within the city of Frankfurt am Main, Germany.
The planned capacity of the new Central Office, with about 15,000 m2 of special and functional areas.
The move follows the board's decision in March not to return to the current Central Office in northern Frankfurt after its renovation. A profitability test indicated that purchasing would be significantly more cost-effective than renovating the existing building.
Chief Operating Officer Stephan Bredt stated that a good location and very good connections to local public transport services are relevant for accessibility.
The former headquarters, a protected monument, is intended to be occupied by the European School. The current site also stores more than half of the German gold reserves held by the Bundesbank for the German state.
Gold reserves stored at the current Bundesbank headquarters, valued at approximately 200 billion euros.
The gold storage figure has been reported as 1,700 tonnes by some sources and 1,710 tonnes by others.
The tender's space requirement has drawn attention. According to data from real estate service provider Avison Young, less than 20,000 m2 of available, newly built or renovated office space will come onto the market in central Frankfurt locations by the end of 2026. An unnamed real estate expert said, “Es ist ungewöhnlich wenig Fläche, die die Bundesbank in der Ausschreibung nennt” (It is unusually little space that the Bundesbank mentions in the tender).
