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
Type	Commercial offices
Location	Gallusanlage 7 Frankfurt Hesse, Germany
Coordinates	50°06′34″N 08°40′16″E
Construction started	2000
Completed	2003
Cost	US$180 million
Height
Roof	136 m (446 ft)
Technical details
Floor count	38 3 below ground
Floor area	49,000 m2 (530,000 sq ft)
Lifts/elevators	14
Design and construction
Owner	Dresdner Bank AG
Architect	Novotny Mähner Assoziierte
Main contractor	Bilfinger 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

Turkey: Gold export story reaches an end

Turkey: Gold export story reaches an end

At USD 7.3 bn, January’s foreign trade deficit was slightly above the market expectations (USD 7.0bn). As a result, 12-month cumulative trade deficit increased to USD 84.2bn in January from USD 84.0bn in December. Similarly, 12-month cumulative non-energy trade deficit increased to USD 31.9bn from USD 31.6bn. On a seasonally adjusted basis, exports and imports increased by 2% m/m and 9% m/m, respectively. Imports excluding gold and energy rose by 6% m/m on a seasonally adjusted basis, according to our calculations. On a 3m/3m basis, imports increased for the first time since August 2012, signalling that the monetary easing of the CBRT has finally reflected on import figures. Based on broad economic categories, imports of consumption goods increased 7.6% y/y, intermediate goods by 3.4% y/y, and capital goods by 8.2% y/y.

'Big Box' Outlook (JLL)

'Big Box' Outlook

The ‘Big box’ outlook covers warehouse and distribution facilities of at least 250,000 square feet located around the United States.

View report

Global Office Rent Cycle MarketView and Charts (Q4 2012)

Global Office Rent Cycle MarketView and Charts (Q4 2012)

Prime Rent Performance Divergent in Q4 2012

Executive Summary

(Read More: Global Office Rent Cycle MarketView and Charts (Q4 2012))

▶ Occupier demand remains circumspect and still broadly focused on prime space.

White House: Military, school and health cuts will hurt Kansas if sequester not averted

White House: Military, school and health cuts will hurt Kansas if sequester not averted

Kansas will lose at least $79 million in funding for the state’s military bases and face about $10.8 million in cuts to education if Congress and the president can’t reach agreement to head off automatic budget cuts scheduled to begin Friday, according to a new White House report.

http://blogs.kansas.com/gov/2013/02/25/white-house-military-education-and-health-cuts-will-hit-kansas-if-sequester-is-not-averted/

First Insights: China: HSBC flash PMI drops surprisingly

Economics Research | Asia Ex-Japan
25 February 2013

First Insights: China: HSBC flash PMI drops surprisingly

The HSBC flash PMI dropped surprisingly to 50.4 in February from 52.3 in January (Consensus: 52.2; Nomura: 53.3). The new orders subcomponent fell to 50.9 from 53.1 in January and new export orders to 49.8 from 53.7. The output subcomponent fell to 50.9 from 53.1, while that for the stock of finished goods rose slightly to 49.8 from 49.6.

Chile – We look for stronger IP and retail sales data this week

25 February 2013

Gustavo Arruda,Marcelo Carvalho,Nader Nazmi - Market Economics
Daily Latam Spotlight | 25 Feb 2013 06:00 |

Chile – We look for stronger IP and retail sales data this week.

The focus this week will be on January industrial production and retail sales data, both due out on Thursday. We look for another month of performance divergence between manufacturing production and retail sales. Manufacturing production likely rebounded in annual terms in January, rising 3.6% y/y. In sequential (sa) terms, we look for a +1.9% m/m rebound in January, following a 2.2% monthly contraction in December. Real retail sales are estimated to have contracted in sequential terms in January, but should still post a strong 9.8% gain over a year ago.

First Insights: China: Fuel price hikes add to inflationary pressures

Economics Research | Asia Ex-Japan | Nomura
25 February 2013

First Insights: China: Fuel price hikes add to inflationary pressures

China last night announced a hike in gasoline and diesel retail prices, effective today. Increases of 3.5% and 3.8% have been applied, respectively, adding RMB300 and RMB290 to the prices per ton. This is the second major price hike announced in five days – on 20 February we saw the largest hike in the rail freight tariff rate since 2003, which was unusual in terms of timing as tariff hikes in Q1 are not common.

Uncovering ‘Diamonds in the Rough’ in Today’s Credit Markets

Uncovering ‘Diamonds in the Rough’ in Today’s Credit Markets

Key Points:

· There are still good opportunities for yield and total return in the credit markets, but there has been a shift in where and how investors can find them.

· The credit markets have had a strong run since the market bottomed in 2009. Many investors searching for income have moved into riskier assets.

· A "diamond in the rough" is a credit that is under-covered, or not actively followed or researched by many investors. At PIMCO, we identify these opportunities through our top-down and bottom-up investment process.

· We’ve identified a number of sectors that appear poised for above-average growth. Housing is at the top of the list, and one of the few bright spots in the U.S. economy. Energy is another industry in which we’re seeing opportunity, and we are also bullish on select credits in emerging economies.

http://www.pimco.com/EN/Insights/Pages/Uncovering-Diamonds-in-the-Rough-in-Todays-Credit-Markets.aspx

Lenders more willing to provide debt for commercial – survey

Real Estate News
Lenders more willing to provide debt for commercial – survey
22 February 2013

GLOBAL – The level of senior debt for UK commercial real estate projects could reach as much as £36bn (€41.4bn) in 2013 and new lenders could be willing to offer development financing for the property market, according to a survey conducted by the Real Estate Lending Forum (RELF).

http://www.ipe.com/realestate/lenders-more-willing-to-provide-debt-for-commercial-survey_50236.php