CapitaLand Mall Trust (SG:C38U) has released an update.
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CapitaLand Mall Trust has announced a significant leasing deal with the European Central Bank (ECB), who will become the new anchor tenant of the Gallileo building in Frankfurt, occupying nearly the entire office space for a decade starting in the second half of 2025. This move is expected to enhance income stability for CapitaLand’s portfolio and aligns with their commitment to creating modern, people-centric workspaces. The Gallileo building is undergoing a €180 million asset enhancement to meet high environmental standards and the specific needs of the ECB.
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