Seat of the European Central Bank

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Seat of the European Central Bank
Frankfurt EZB.Nordwest-2.20141228.jpg
Construction site on 28 December 2014
Alternative names New ECB Premises, Neubau der Europäischen Zentralbank
General information
Status Complete
Type Government offices
Architectural style Deconstructivism
Location Ruckertstrasse
Frankfurt
Hesse, Germany
Coordinates Lua error in package.lua at line 80: module 'strict' not found.
Construction started Spring 2010
Completed October 2014
Inaugurated March 18, 2015
Cost ~ €1.4 billion
Owner European Central Bank
Height
Antenna spire 201 m (659 ft)[1]
Roof 185 m (607 ft)
Technical details
Floor count 48
Floor area 184,000 m2 (1,980,000 sq ft)
Lifts/elevators 18
Design and construction
Architect Coop Himmelb(l)au
Engineer Ove Arup & Partners
Bollinger + Grohmann
Ebert-Ingenieure Nürnberg
References
[2][3][4][5]

The European Central Bank (ECB) is seated at the East end of Frankfurt. The premises include the former Wholesale Market Hall (Großmarkthalle), a new 185/165 m twin-skyscraper and a new low-rise building to connect the two. Located east of the city centre it houses the new headquarters for the European Central Bank (ECB).[6] It was completed in 2014 and was officially opened on March 18, 2015.

The ECB is required by the Treaties of the European Union to have its seat within the city limits of Frankfurt, the largest financial centre in the Eurozone.[7] The ECB previously resided in the Eurotower and, due to lack of office space there, in three other high-rise buildings (Eurotheum, Japan Center, and Neue Mainzer Straße 32-36) in the city centre of Frankfurt.

Architecture

The newly built main office building consists of two towers that are joined by an atrium with four interchange platforms. The North tower has 45 storeys and a roof height of 185 m (607 ft), whereas the South tower has 43 storeys and a roof height of 165 m (541 ft). With the antenna, the North tower reaches a height of 201 m (659 ft). The new ECB premises furthermore comprises the Grossmarkthalle, a former wholesale market hall built from 1926-1928 and fully renovated for its new purpose.[8]

History

Development

In 1999, an international architectural competition was launched by the bank to design a new building. It was won by a Vienna-based architectural office called Coop Himmelb(l)au. The building was to be 185 meters tall (201 meters with antenna), accompanied by other secondary buildings on a landscaped site on the site of the former wholesale market (Großmarkthalle) in the eastern part of Frankfurt. The main construction work was planned to commence in October 2008, with completion scheduled for before the end of 2011.[9][10]

Construction was put on hold in June 2008 as the ECB was unable to find a contractor that would build the Skytower for the allocated budget of €500 million[11][12] due to the bidding taking place at the peak of the pre-late-2000s recession bubble. A year later with prices having fallen significantly the ECB launched a new tendering process broken up into segments.
Großmarkthalle site from the river Main (2006) 
April 2012 

It is expected that the building will become an architectural symbol for Europe and is designed to cope with double the number of staff who operate in the Eurotower.[13] The total cost of the project was between 1300 and 1400 million euros. For the total surface of 185 000 square meters, this gives a building cost in excess of 7000 euros per square meter.[8]

Opening

Staff began moving into the new building in November 2014,[14] and the building was officially opened on March 18, 2015.[15] The opening was marked by a three-day protest by the anti-capitalist Blockupy movement, an offshoot of the Occupy movement, and other opponents of the "Troika", and by violence across Frankfurt on the opening day.[15] Police used water cannons and tear gas against protestors, while demonstrators threw stones at police, firefighters and Frankfurt's trams, and set fire to cars and barricades.[16][17]

The ECB's new headquarters was reportedly selected as the venue for the demonstration so as to highlight the contradiction between the ECB's lavish spending on its own US$1.4-billion building while forcing cuts and market reforms on countries like Greece and Cyprus.[18][19][20] Ulrich Wilken, an organiser, said: “Our protest is against the ECB, as a member of the troika, that, despite the fact that it is not democratically elected, hinders the work of the Greek government. We want the austerity politics to end.”[18] The pan-European protests included members of Greece's radical left governing party Syriza and Spain's left-wing Podemos.[21]

See also

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Seat of the European Central Bank at CTBUH Skyscraper Database
  3. ↑ Seat of the European Central Bank at Emporis
  4. ↑ Seat of the European Central Bank at SkyscraperPage
  5. ↑ Seat of the European Central Bank at StructuraeLua error in Module:WikidataCheck at line 28: attempt to index field 'wikibase' (a nil value).
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ 8.0 8.1 Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ 15.0 15.1 Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ 18.0 18.1 Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  21. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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