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Showing posts with label Frankfurt. Show all posts
Showing posts with label Frankfurt. Show all posts

Thursday, February 28, 2013

Gallileo


Gallileo

Gallileo is a 38-storey 136 m (446 ft) skyscraper in the Bahnhofsviertel district of Frankfurt, Germany. It was built from 1999 to 2003.

The towers architecture is made up of two towers linked by a connecting central core. The north tower is 136 m (446 ft) with 38 storeys, and the south tower is 114 m (374 ft). The core is the building's full height. Together with its 49,000 m2 (530,000 sq ft) floor space, it is the 14th tallest building in the city. Its name is an intentional misspelling of the scientist Galileo's name; the extra l comes from the building's other namesake, the nearby park Gallusanlage. Along with the nearby Silberturm, it served as the corporate headquarters of Dresdner Bank since 2008. A year later, after the takeover of Dresdner Bank by Commerzbank, the new owner plans to use only the Gallileo.

Gallileo has a glass facade with 400 individual windows forming an approximately 22,000 m2 (240,000 sq ft) large transparent outer skin. In the glass floors were the American artist James Turrell, integrated lighting, which make the building at night from the inside out glowing. These are not architecturally visible. The undersides of the floor slabs serve as reflective surfaces.

Shops, a bar, and the English Theatre Frankfurt are located on the ground floor.

General information
TypeCommercial offices
LocationGallusanlage 7
Frankfurt
Hesse, Germany
Coordinates50°06′34″N 08°40′16″E
Construction started2000
Completed2003
CostUS$180 million
Height
Roof136 m (446 ft)
Technical details
Floor count38
3 below ground
Floor area49,000 m2 (530,000 sq ft)
Lifts/elevators14
Design and construction
OwnerDresdner Bank AG
ArchitectNovotny Mähner Assoziierte
Main contractorBilfinger Berger SE
References
[1][2][3]


See also

List of tallest buildings in Frankfurt
List of tallest buildings in Germany


References

[1]^ Gallileo at Emporis
[2]^ Gallileo at SkyscraperPage
[3]^ Gallileo at Structurae


http://en.wikipedia.org/wiki/Gallileo

Frankfurt office

Wednesday, January 9, 2013

Berlin Office Space Market Makes Record Result

BERLIN OFFICE SPACE MARKET MAKES RECORD RESULT
9 Jan, 2013, Frankfurt

• Vacancy rate falls further
• Prime rent on upward trajectory

The Berlin office space market has charted a record result for the second year in succession. Last year's very strong showing of 685,000 sqm of total rented office space was eclipsed in 2012 with a floor space turnover of 693,000 sqm. The rental volume for 2012 is therefore 47% above the average for the last ten years. In the second and third quarters in particular, Berlin companies proved very active in terms of leasing. Floor space turnover stood at an above-average 190,000 sqm over the two summer quarters. A solid result was achieved at the end of the year too, however, with a quarterly turnover of 173,000 sqm.

http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Country=DE&Language=EN&repId=c57000015p

Tuesday, January 8, 2013

Frankfurt office market 2012: Highest rental volumes for five years

Frankfurt office market 2012: Highest rental volumes for five years
7 Jan, 2013, Frankfurt

• Strong fourth quarter sees space turnover on the Frankfurt office market climb over 500,000 sqm once more
• Rental volumes 11% over ten-year average
• Banks and financial services strongest rental group in 2012 despite all the uncertainties on the financial markets

http://www.cushwake.com/

Saturday, November 10, 2012

Frankfurt Turns Offices to Homes as Excesses Lift Vacancy

Bloomberg News
Frankfurt Turns Offices to Homes as Excesses Lift Vacancy
By Dalia Fahmy on November 09, 2012

Vijay Vankadari, who has renovated Frankfurt apartment buildings for more than a decade, used a cheap and plentiful resource for his latest residential project in the city: old office buildings that businesses won’t touch.

http://www.businessweek.com/news/2012-11-08/frankfurt-turns-offices-to-homes-as-excesses-lift-vacancy

Wednesday, October 10, 2012

With solid quarterly results, the Frankfurt office space market heads toward the end of the year

With solid quarterly results, the Frankfurt office space market heads toward the end of the year
9 Oct, 2012, Frankfurt

• 342,000 sqm of office space leased by the end of September
• Top lease rates stable
• Vacancies continue light fall

http://www.cushwake.com/

Friday, July 6, 2012

Frankfurt office market with solid rental performance at the half-year point

Frankfurt office market with solid rental performance at the half-year point
5 Jul, 2012, Frankfurt

• Rental performance in the Frankfurt office space market at the long-term average in the first half of 2012
• 224,000 sq. m rented by the end of June
• High-end lease prices stable
• Vacancy rates fall

http://www.cushwake.com/

Thursday, April 5, 2012

Frankfurt's office market makes a strong start to the year

Frankfurt's office market makes a strong start to the year
4 Apr, 2012, Frankfurt

• No sign of springtime sluggishness
• With a lease volume of 130,000 square metres in the first quarter, Frankfurt's office space market started the new year well
• Market players appear active

http://www.cushwake.com/

Saturday, January 21, 2012

Savills: German office market hits three year take-up high (DE)

Savills: German office market hits three year take-up high (DE)
Friday 20 January 2012

The five major German office markets of Berlin, Düsseldorf, Frankfurt, Hamburg and Munich ended 2011 on a three-year high in terms of take-up according to international real estate advisor Savills.
The firm’s research shows that total take-up reached approximately 2.85 million m², close to 2008 levels (approx. 2.9 million m²). Compared to 2010 turnover increases are just below 7%.

http://www.europe-re.com/system/main.php?pageid=2616&articleid=19509

Thursday, January 5, 2012

Frankfurt office market: Solid Result Despite Space Reduction

Frankfurt office market: Solid Result Despite Space Reduction
4 Jan, 2012, Frankfurt

• Letting volume of the Frankfurt office space market at 424,000 m²
• Turnover falls by 11% on 2010
• Despite instability on the financial markets, banks and financial services remained one of the strongest tenant groups in 2011

Over the past twelve months, the rental volume of Frankfurt's office space (including Eschborn and Kaiserlei) under lease stood at around 424,000 m². This means rental turnover is around 11% less than the 475,000 m² for the previous year and a good 12% below the average for the past ten years (the average being 485,000 m²). According to Cushman & Wakefield (C&W) , this amounts to an altogether solid performance for the banking capital in spite of this reduction - especially when one considers the continuing, great instability on the worldwide financial markets, and also considering the fact that in the year 2010 the construction of the new headquarters of the European Central Bank (ECB), with its 104,000 m², skewed the total annual turnover.

http://www.cushwake.com/

Saturday, November 5, 2011

ZEW/gif Office Market Forecast - Rents For Offices in Prime Locations Strongly Increase

ZEW/gif Office Market Forecast - Rents For Offices in Prime Locations Strongly Increase

Prime rents at the five largest German office real estate markets Berlin, Hamburg, Frankfurt, Düsseldorf and Munich will considerably increase by the end of 2012. At the same time, the vacancy rate will hardly be reduced –with the exception of Düsseldorf and Frankfurt. These are the findings of the second survey among real estate market experts, which was conducted by the gif-Arbeitskreis Marktanalysen und Bedarfsprognosen (gif market analysis and demand forecasting working group) in cooperation with the Centre for European Economic Research (ZEW) in Mannheim.

http://www.zew.de/en/press/1693/zewgif-office-market-forecast---rents-for-offices-in-prime-locations-strongly-increase

Friday, October 28, 2011

Office Market Frankfurt - Q3 2011

Office Market Frankfurt - Q3 2011

At 316,300 sq m, the Frankfurt office space take-up in the first three quarters was 13% lower than in the previous year. Compared to the previous year, when the space take-up volume was strongly influenced by the owner-occupied take-up by the European Central Bank, this result can be seen as robust.Without the ECB take-up, the growth in take-up would in fact have been at a satisfactory 22%. The vacancy rate rose slightly compared to the previous quarter by 0.2% points to its current level of 17.3%. With 12,700 sq m office space having been completed in the third quarter, the volume of new completions is at its lowest level for three years. The achievable prime rent remained stable at €38.00/sq m/month.

Author(s): several
Source: CB Richard Ellis
Published: 27.10.2011

http://www.immopro24.com/market-report/office-market-frankfurt-q3-2011_1080.html

Wednesday, October 12, 2011

WSJ: ECB Chief: Europe Is 'Epicenter' of Crisis

EUROPE NEWS OCTOBER 12, 2011
ECB Chief: Europe Is 'Epicenter' of Crisis
By WILLIAM LAUNDER And TOM FAIRLESS

FRANKFURT—European Central Bank President Jean-Claude Trichet warned Tuesday that the euro-zone crisis has "reached a systemic dimension" and said governments must swiftly push through fiscal reforms and coordinate a recapitalization of banks.

Thursday, July 28, 2011

Office Market Frankfurt - Q2 2011

Office Market Frankfurt - Q2 2011

With an office space turnover of 230,200 sq m, the first half of 2011 was just under the result of the previous year (-0.4%). In contrast to the previous year when the proportion of owner-occupied transactions was at a high level, the first half result of the current year was characterised by a relatively low proportion of 10%.

Author(s): several
Source: CB Richard Ellis
Published: 27.07.2011

http://www.immopro24.com/market-report/office-market-frankfurt-q2-2011_1020.html

Friday, July 22, 2011

Colliers: German office leasing market sees vacancies decline (DE)

Colliers: German office leasing market sees vacancies decline (DE)
Thursday 21 July 2011

The German office leasing market showed its most positive side in the first half of 2011 in terms of take-up of space.

Just under 1.42 million m² of space was taken up in the six most important centers of office activity, an increase of almost 19% from the previous year. At the same time, this is the second best half-year result since 2005,” emphasizes Andreas Trumpp, Head of Research at Colliers International in Germany.

http://www.europe-re.com/system/main.php?pageid=2616&articleid=18515

Monday, June 13, 2011

Office market: Construction tracks the health of banking - FT.com

Frankfurt as a Financial Centre

June 13, 2011 4:12 pm
Office market: Construction tracks the health of banking
By Ed Hammond

The lofty canyons of Frankfurt’s financial district are once again reverberating with the rumble of heavy machinery.

Caterpillar-tracked piling rigs plunge drill heads into the soil, boring the deep holes for the concrete and steel foundations from which the city’s next generation of skyscrapers will rise.

http://www.ft.com/intl/cms/s/0/ed5ea1c8-955e-11e0-a648-00144feab49a.html#axzz2PXw36Vqx

Thursday, March 31, 2011

Frankfurt Longs for 'Mainhatten' Era

COMMERCIAL REAL ESTATE
March 30, 2011

Frankfurt Longs for 'Mainhatten' Era
Office-Market Activity Begins to Return Financial Capital to Golden Age

By WILLIAM BOSTON | Special to the WSJ

Prime Frankfurt office-building values are still 20% below 2007 peak levels and vacancy rates continue to exceed 15%. But you would never know that from the amount of investment and development activity beginning to take place.

http://online.wsj.com/article/SB10001424052748703461504576230511567808374.html

Friday, February 25, 2011

Frankfurt’s ‘Mainhattan’ Reaches for the Skies

February 25, 2011, 10:59 AM
Frankfurt’s ‘Mainhattan’ Reaches for the Skies

By Tom Fairless

Frankfurt’s landmark towers are gleaming anew. This week, the last of 2,800 staff moved back into Deutsche Bank’s 155-meter towers, nicknamed “debit” and “credit,” after a three-year refurbishment. Everything bar the concrete skeleton is new. The pair will be formally launched at a party on Thursday.

http://blogs.wsj.com/source/2011/02/25/frankfurts-mainhattan-reaches-for-the-skies/

Thursday, January 6, 2011

Catching of one’s breath on Frankfurt’s market for office space

Catching of one’s breath on Frankfurt’s market for office space
5 Jan, 2011, Frankfurt

The annual property area turnover of 475,000 m² in 2010 represented an increase of about 36% over the result achieved in 2009

http://www.cushwake.com/

Wednesday, October 20, 2010

MarketView Office Market Frankfurt

MarketView Office Market Frankfurt

Q3 2010

In the first nine months of the year, office space take-up of 371,000 sq m was 25% higher than the figure reported for the same period last year; 35% of the take-up figure is accounted for by owner-occupiers. The positive take-up trend reflects the improving outline economic conditions in the city on the River Main.

Author(s): several
Source: CB Richard Ellis
Published: 19.10.2010

http://www.immopro24.com/market-report/marketview-office-market-frankfurt_966.html

Friday, October 8, 2010

Frankfurt's Office Market Revives on Improved Rental Prospects

Frankfurt's Office Market Revives on Improved Rental Prospects
By Peter Woodifield - Oct 7, 2010

Frankfurt’s office property market will probably attract the most investment this year since 2007 as the strengthening economy fuels demand for space, CB Richard Ellis Group Inc. and Jones Lang LaSalle Inc. said.

http://www.bloomberg.com/news/2010-10-06/frankfurt-s-office-property-market-revives-on-improved-prospects-for-rents.html