Land in the best location becomes free: Bank move makes room for large corporation - Who will be a new tenant?

Created: 01/09/2022, 09:02 PM

From: Nadja Hoffmann

Leaves its headquarters: The Bayerische Landesbank is planning to move.

© Imago Stock & People

In the best location, in the middle of the city center, a fillet is available: The Bayerische Landesbank wants to leave its headquarters.

It is still unclear where she is moving to.

The same applies to those who follow BayernLB on Brienner Strasse.

Office space in attractive locations is in great demand in Munich.

Therefore, this news will have made the appearance: The Bayerische Landesbank wants to leave its headquarters in the city center.

According to the bank, it has not yet been determined when the glass complex and the 27,000 square meter site on Brienner Strasse will be available.

Your spokesman Matthias Priwitzer only reveals this much: “BayernLB is currently examining alternative locations for rent and is currently in a structured selection and review process for suitable locations and properties.” One thing is clear, however: the bank's new headquarters, which was founded in 1972, can be significantly smaller .

In the future, every employee will be able to work 100 percent in the home office

On the one hand, because BayernLB, with around 8,500 employees, is already in the process of shrinking. On the other hand, because a lot has happened since the beginning of the corona pandemic. The public law institution, three quarters of which is owned by the Free State, relies on home office and wants to keep it that way in the future. In other words, the current headquarters are too big for BayernLB of the future.

According to the specialist journal “Wirtschaftswoche”, a service agreement stipulates that the bank will only have seven workstations for every 10 employees in the future.

If you want to work directly on site, you can book your desk online.

The hybrid model is an option.

In general, however, the employees are enabled to be 100 percent at home.

There is no compulsory attendance.

In addition, individual offices for superiors should be avoided as far as possible.

Steps that make a move plausible.

It is still unclear when the move will take place

As well as financial considerations.

Because: The current headquarters between Oskar-von-Miller-Ring and Türkenstrasse, on which 2500 people work, belongs to the Landesbank.

The bank, with total assets of 256.2 billion euros (2020), could achieve a high amount in the millions if it were sold.

BayernLB only wants to move into the new location for rent.

The bank still leaves open where that could be.

The location of the new headquarters is just as exciting as the rest of the way at the old company headquarters.

Is there a big name hiring out there?

Or will the glass complex be torn down after a property has been sold?

Answers will only come in the next months and years.