SINGAPORE (May 17): CapitaLand Commercial Trust is making its first foray into Europe with the acquisition of a stake in Gallileo, an office property located in Frankfurt, Germany.

The freehold Grade A property, valued €356 million ($569.6 million), is located in the prime Central Business District (CBD), also known as the Banking District.

The property is near to the German Central Bank, European Central Bank office towers, and the Frankfurt Opera House. The property also has easy access to a U-Bahn station at Willy-Brandt Platz, the Frankfurt Main Railway Station and Frankfurt Airport.

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