NEW YORK CITY-Deutsche Bank officials reportedly will move 5,500 employees back to Lower Manhattan, giving a major shot in the arm to the struggling post-Sept. 11 Downtown office market.

Since purchasing the 1.6-million sf 60 Wall St office tower from J.P. Morgan Chase a year ago, the German bank has been phasing in employees as renovations allowed. The move will reportedly be finished by the end of next year.

Deutsche Bank occupied 1.8 million sf in the World Trade Center prior to the terrorist attacks, in which four of the firm’s employees died. Following the bombings, the firm moved its operations to Midtown and other area locations.

Taking advantage of the World Trade Center Job Creation and Retention Program, Deutsche Bank received $34.5 million in tax breaks and federal funds by agreeing to keep 6,500 jobs in the city for at least 10 years.

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