ECB presses on with plan for €500m HQ

The European Central Bank is taking advantage of the economic slowdown to press ahead with a new €500m-plus headquarters building in Frankfurt, Germany’s financial capital.

Under the ECB’s plans, Frankfurt’s Grossmarkthalle – a former wholesale fruit and vegetable market built in the 1920s – will be renovated and extended to include a 48-storey high rise tower. Building work is expected to start in April 2010, with the ECB staff moving into the new premises in 2014.

ECB: Press Release, 17.12.09: ECB decides to start construction works for its new premises in spring 2010 http://www.ecb.int/press/pr/date/2009/html/pr091217.en.html

ECB: Website for the new ECB Headquarters http://www.new-ecb-premises.com/

ESO: Background information: European Central Bank hopes to raise profile http://www.europeansources.info/record/european-central-bank-hopes-to-raise-profile/

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