The European School is planning to move to the site of the old Bundesbank in Frankfurt, as announced by Mayor Mike Josef and ECB President Christine Lagarde. The school has been suffering from severe space shortages at its current location, primarily catering to children of European institution employees. The new site, comprising ten hectares, aims to provide the necessary infrastructure for its students and staff.

However, the local government anticipates spending a substantial sum, likely in the triple-digit million range, to acquire the Bundesbank property. This acquisition will pave the way for the school's relocation, ensuring that it has adequate space to meet demand. The move is also aligned with the Bundesbank’s own relocation plans as it seeks a new central headquarters, potentially in a high-rise building within the city center.

This development is significant for the community, as it demonstrates the city's commitment to providing educational facilities for families of those working in European institutions while also accommodating the operational needs of its financial authorities. The project signals a proactive approach toward urban development, aiming to enhance the city's infrastructure and attract a more significant international workforce.