Germany

Gallileo

Gallileo is a 38-storey Grade A commercial building with ancillary retail and a 4-storey heritage building for office use. It is strategically located in the Banking District of Frankfurt’s CBD.

Key Statistics:

Address
Gallusanlage 7/ Neckarstrasse 5,
60329 Frankfurt am Main
Net Lettable Area
436,175 sq ft (40,522 sqm)
Title
Freehold
Agreed Property Value in 2018
€356.0 million
Valuation as at 31 Dec 20181
S$563.9m
Top 3 Tenants
Commerzbank AG2
Naseem Hasan Chaudhary
Main Mobility GmbH

 

 

 

Note:
1 Based on an exchange rate of EUR1 to S$1.5612 in December 2018
2 The bank’s lease expires in 2029 and the rent is adjusted based on an inflation index every two years. It has an option to terminate the lase in 2024 with 24-months’ notice.