Headquarters-prowling Deutsche Bank has narrowed its search.
The German bank, now headquartered at 60 Wall St., has added the Time Warner Center at Columbus Circle to its list of preferred locations, sources said.
Such a move would enable Deutsche Bank to rebrand the twin towers complex that commands the circle and that entire southwest corner of Central Park. Despite its glass and steel, that area of the Upper West Side has a European neighborhood feel.
As my Post colleague Steve Cuozzo first reported, Deutsche is also taking a deep dive into becoming the anchor tenant for Larry Silverstein’s Two World Trade Center. Once open — roughly three to five years from now — that structure will complete the World Trade Center complex as the Ronald O. Perelman Performing Arts Center will be long operational.
The Time Warner Center offices were developed by the Related Cos., which is also building Hudson Yards — where Time Warner itself will relocate, likely starting late this year into 2019.
Related, along with GIC of Singapore and the Abu Dhabi Investment Authority, bought back Time Warner’s 1.3 million square feet of offices at 60 Columbus Circle for $1.1 billion and is leasing its portion of the mixed-use complex back to Time Warner until it moves.
But the investors are also seeking a new tenant after being passed on by other large headquarters-seekers.
That aroused the interest of Deutsche Bank, which now leases its Downtown HQ from both Paramount and GIC. The latter firm bought its 95 percent stake in 60 Wall St. in 2017 for $1.04 billion. The sale was one of the largest last year.
Deutsche also has space at 345 Park.
JLL is representing both Deutsche as well as the Columbus Circle space.
The bank is still weighing its options, and all parties declined to comment. Stay tuned.
