Tuesday, 23 June 2026
Art-Invest Real Estate has acquired the historic Deutsche Bank headquarters building at Alter Wall 37–53, Adolphsplatz 7 and Mönkedamm 2 in central Hamburg.
The landmark property, which has been occupied by Deutsche Bank for more than 140 years, is scheduled to undergo a comprehensive refurbishment between 2028 and 2031. Deutsche Bank will remain at the location and has agreed to lease the majority of the office space following completion of the redevelopment.
The building complex is situated in Hamburg’s city centre, close to the Town Hall, the Chamber of Commerce, Neuer Wall and the Nikolai Quarter. Following the refurbishment, the property will provide approximately 16,450 sqm of leasable space. According to the parties, around 75 percent of the space has already been pre-let through Deutsche Bank’s long-term commitment.
The redevelopment will focus on modernising the listed property while preserving its historic character. Plans include the creation of a covered central atrium, redesigned office areas, a rooftop terrace, a new Deutsche Bank branch on Adolphsplatz and a publicly accessible café facing Alter Wall.
The project marks another collaboration between Deutsche Bank and Art-Invest Real Estate. The two companies have previously worked together on office developments in Bonn and Berlin.
Martin Tuens, Deputy Head of Global Real Estate at Deutsche Bank, said the investment will create updated workspace for employees and a modern branch for customers while reinforcing the bank’s long-term commitment to Hamburg.
Martin Wolfrat, Managing Director of Art-Invest Real Estate in Hamburg, said the refurbishment will adapt the historic building to contemporary office requirements while preserving its architectural significance and strengthening its role within the Alter Wall district.
The transaction continues Art-Invest Real Estate’s involvement in the redevelopment and repositioning of the Alter Wall area, where the company has been active since 2014.
