The Deutsche Bundesbank is moving to a new location in Frankfurt and ditching plans to move back into its old headquarters.
The bank said on March 11 that the costs associated with renovating its current, empty offices would have amounted to €1.6 billion ($1.83 billion), with another €1.3 billion in additional operational and maintenance costs up to 2067.
Calculated this way, the current location had “performed the worst” in the bank’s cost-efficiency assessment, and it was now seeking to buy a
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