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.
Commerzbank AG contributed 98.3% of gross rental income in the month of December 2020. 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 lease in 2024 with a 24-month notice.
PROPERTY INFORMATION
All information as at 31 December 2020 unless otherwise stated.
Address
Gallusanlage 7/Neckarstrasse 5, 60329
Frankfurt am Main, Germany
Frankfurt am Main, Germany
Land Tenure
Freehold
Joint Venture Partners’ Interests
CICT: 94.9%
CapitaLand: 5.1%
CapitaLand: 5.1%
Number of Tenants
7
NLA (SQ FT)
436,179
Year Of Purchase
2018
Agreed property value (EUR million)
356.0
Valuation as at 31 December 2020 (S$ million)
576.0(1)
Carpark Lots
43
Bicycle Lots
46
Awards
LEED Building Operations
Maintenance: Existing Buildings Gold (2020)
(
1
)
Based on an exchange rate of EUR1 to S$1.504 in December
2019 and EUR1 to S$1.595 in December 2020.
