The address is C/O The Related Companies, LP, 18th Floor, 60 Columbus Circle, New York, US-NY, 10023, US. Warner Media, formerly known as Time Warner, is leaving Columbus Circle for Related’s 30 Hudson Yards. (LEI 549300ETIKVQ0K1SB251) is a legal entity registered with Business Entity Data B.V. Its uptown lease for 1.1 million square feet compares with 1.6 million square feet at 60 Wall St. The layoffs are part of a drastic downsizing, announced by Deutsche CEO Christian Sewing, to get the bank back on track after a poor performance in its investment banking division.ĭeutsche was slicing its New York digs even before the decision to cut two floors loose at Time Warner Center, which is to be renamed Deutsche Bank Center. Impeccable 2 bedrooms, 2 bathrooms apartment at the coveted Deutsche Bank Center condominium. Insiders said the brunt of the cutbacks would be in New York and London.Īll hands - reps for both Deutsche and Related as well as the bank’s real estate broker, JLL’s Peter Riguardi - declined to comment. That’s more than a year before the bank announced this month that it would chop 18,000 jobs - representing 20% of its global workforce - by 2022. Shedding two floors in the north tower was permitted under Deutsche’s lease with Related, which was signed in May 2018, sources said. The bank will get the keys in January 2020 but won’t start moving in until 2021. Although the floors contain only about 60,000 square feet of the 1.1 million square feet Deutsche has leased at the Columbus Circle tower, banking and real estate insiders said it could presage future reductions through sublease.ĭeutsche is moving its New York headquarters to Columbus Circle from 60 Wall St. The German giant has already returned two floors to landlord Related Companies, sources told Realty Check. Pickleball courts on track to open near new Penn StationĮmbattled Deutsche Bank is downsizing so fast it’s giving up some of its relocation space at Time Warner Center before it even moves in. 'Make-or-break' vote on 5 WTC postponed after last-minute roadblockĬentral Park Boathouse dining is back - and it's very badįierce Hudson Yards critic admits financial boon to city: 'I got it wrong' Alison Kwiatkowski, Deutsche’s Americas business partner for its global real estate team, said in an interview last week that the bank is in the second month of a six-month process to move staff from Lower Manhattan’s 60 Wall Street, its longtime American headquarters, up to the center at Columbus Circle in Midtown. Restored 19th Century townhouses, glass office in Meatpacking District set for reveal Time Warners representative is: Julie Laine, Group Vice President &.
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