Prinzessinnenpalais at 5 Unter den Linden in the Mitte district of Berlin. Photo: Deutsche Bank

Deutsche Bank to Open Berlin Arts Center in 2018

Deutsche Bank has announced plans to open an exhibition space for its corporate collection of more than fifty thousand works amassed since the 1970s, Catherine Hickley of the Art Newspaper reports. Located in the Prinzessinnenpalais at 5 Unter den Linden, the 3,000-square-foot arts center is scheduled to open in 2018.

“We are working on an exciting program,” said spokesperson Klaus Winker. He added that it is too early to reveal details on the project, but the center will be a space for concerts, workshops, and other events. The new venue will also incorporate the Deutsche Bank KunstHalle, the successor of the Deutsche Guggenheim, a collaboration between the Deutsche Bank and the Solomon R. Guggenheim Foundation, which ran from 1997 to 2012 and presented sixty-one exhibitions on twentieth- and twenty-first-century art.

The Deutsche Bank Collection comprises significant holdings of modernist and postwar German art, including works by Georges Braque, Joseph Beuys, Gerhard Richter, and Sigmar Polke. Today, the collection is focusing on expanding with new acquisitions from Africa, China, India, and South America.