Deutsche Börse will expand the historic stock exchange building in the heart of the Main Metropolis into the Financial Centre Frankfurt’s communications center and a point of contact for the general public. The protected landmark, home to the renowned trading floor and Frankfurt’s Chamber of Industry and Commerce (IHK Frankfurt), will be the symbolic heart of the financial centre and Deutsche Börse in Frankfurt.
“We are delighted by this commitment from Deutsche Börse. Frankfurt will receive a modern centre and visible symbol of the city and region’s growing prominence as the most important financial centre in continental Europe,” says Dr. Lutz Raettig, President of the Financial Centre Initiative Frankfurt Main Finance. “The decision could not come at a better time. Deutsche Börse is proudly flying the flag for Frankfurt, which is now, as a result of Brexit, a focal point in restructuring the architecture of the European financial industry.”
Lasting until early 2020, Deutsche Börse plans to invest 18.5 million euros in the expansion and has signed a lease with the IHK Frankfurt, the building’s owner, stretching until 2048. Following the renovation, Deutsche Börse will increasingly concentrate on using the visitor center as a modern means for providing education. Guests will learn about the functioning of the stock market and the exchange’s benefits for industry and commerce, thus, its benefits for society.
The Deutsche Börse Group announcement is available here.
Photo: Deutsche Börse AG