Eurotower is a 40-

storey A storey (English in the Commonwealth of Nations, Commonwealth English) or story (American English), is any level part of a building with a floor that could be used by people (for living, work, storage, recreation, etc.). Plurals for the wor ...

skyscraper A skyscraper is a tall continuously habitable building having multiple floors. Most modern sources define skyscrapers as being at least or in height, though there is no universally accepted definition, other than being very tall high-rise bui ...

in the Innenstadt district of

Frankfurt Frankfurt am Main () is the most populous city in the States of Germany, German state of Hesse. Its 773,068 inhabitants as of 2022 make it the List of cities in Germany by population, fifth-most populous city in Germany. Located in the forela ...

Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

. The building served as the seat of the

European Central Bank The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International ...

(ECB) until 18 March 2015, at which point it was officially replaced by a new purpose-built building. It now hosts ECB Banking Supervision. The building is located at Willy-Brandt-Platz in Frankfurt's

central business district A central business district (CBD) is the Commerce, commercial and business center of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district. Geographically, it often coincides wit ...

, the

Bankenviertel Bankenviertel (; ''banking quarter'') is the name of the central business district in Frankfurt, Germany where many banks, insurance companies, and other financial institutions are located. It is the most important German financial hub, if not o ...

, opposite to the Opern- und Schauspielhaus Frankfurt. Right next to the building is an underground U-Bahn station and an above-ground tram station.

History

The tower was designed by architect Richard Heil and was built between 1971 and 1977. The first main tenant was the ''Bank für Gemeinwirtschaft''. The building was later used by the European Monetary Institute, the forerunner of the European Central Bank that was established in 1998. Until 2013, a club/restaurant called ''Living XXL'' was situated in the basement. Because of the limited space in the Eurotower the personnel of the ECB were also (up to March 2015) distributed between two other skyscrapers in the Bankenviertel, the Eurotheum and Neue Mainzer Straße 32–36. This was considered less than optimal, so in the late 1990s the ECB began a process to have a new seat built on a site in the eastend of Frankfurt. This was originally envisaged to bring together all the bank's personnel in one place, however with the increase in the ECB's responsibilities with the entry into force of

European Banking Supervision European Banking Supervision, also known as the Single Supervisory Mechanism (SSM), is the policy framework for the prudential supervision of banks in the euro area. It is centered on the European Central Bank (ECB), whose supervisory arm is re ...

, the ECB will retain its presence in the Eurotower after its refurbishment. Construction of the new tower started in 2008 and was completed in late 2014. In November of that year bank personnel started to transfer from the Eurotower to their new offices at the Seat. The building has since been hosting the European Central Bank's supervisory arm, with around 1,400 employees working from the site. In 2023, the bank announced plans to abandon the building and move to the Gallileo tower by 2025.Johanna Treeck (20 July 2023)
ECB to abandon Eurotower in 2025
''

Politico Europe ''Politico Europe'' (stylized as ''POLITICO Europe'') is the European edition of the American news organization '' Politico'' reporting on political affairs of the European Union. Its headquarters are located in Brussels with additional offices in ...

''.

Skyscrapers in Frankfurt

References

External links

* {{DEFAULTSORT:Eurotower (Frankfurt am Main) Bankenviertel Buildings and structures of the European Union Eurotower Government buildings completed in 1977 Skyscraper office buildings in Frankfurt Office buildings completed in 1977 +

History

Skyscrapers in Frankfurt

See also

References

External links