CapitaLand Integrated Commercial Trust Management Limited (CICTML), the manager of CapitaLand Integrated Commercial Trust (CICT or the Trust), and CapitaLand Investment Limited (CLI), the joint owners of Gallileo building in Frankfurt (jointly 'CapitaLand'), announced that they have secured the European Central Bank (ECB), the central bank for the euro area, as the new anchor tenant at Gallileo. Gallileo is a 38-storey Grade A office building located in the banking district of Frankfurt am Main, Germany. The ECB has signed a lease agreement with CapitaLand for a period of 10 years.

The ECB will occupy close to 93% of the building's total net lettable area. Starting from the second half of 2025, CapitaLand will gradually hand over the leased area to the ECB following the completion of the building's ongoing asset enhancement initiatives (AEI). Additional efforts will be undertaken to improve the mechanical, electrical and building automation systems, making Gallileo more environmentally and operational efficient.

CapitaLand will be investing approximately EUR180 million in this AEI. The anticipated duration for the completion of the AEI is estimated to take at least 18 months. With this AEI, CapitaLand targets for Gallileo to obtain a minimum green rating of LEED Gold, in line with its 2030 Sustainability Master Plan.

CapitaLand is also expected to soon conclude a lease agreement with the City of Frankfurt for the basement space in the Gallileo to be used by the English Theatre Frankfurt. With the ECB and the City of Frankfurt as tenants, the building's committed occupancy is expected to exceed 95%.