Deutsche Bundesbank

Friedrich-Wilhelm-Lübke-Koog, Germany

Deutsche Bundesbank

Friedrich-Wilhelm-Lübke-Koog, Germany
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News Article | May 8, 2017
Site: www.prnewswire.co.uk

The Deutsche Bundesbank has awarded Caverion with the delivery of building systems for their new branch in Dortmund, Germany. The order includes technical installations for the disciplines Cooling and Ventilation. After the project execution, Caverion will take over the Technical Maintenance for a period of four years. The value of the contract will not be disclosed. The gross floor area of the four new buildings is about 26,000 square metres. To ensure good indoor climate, Caverion will install two turbo chillers with a capacity of 440 kW each and two hybrid coolers with a capacity of 700 kW each. More than 30 ventilation systems together have a capacity of 250,000 m3/h. "Caverion is well experienced in buildings with high safety requirements. In this case Caverion will ensure an adequate cooling and distribution of conditioned fresh air in all areas of the buildings," says Werner Kühn, CEO & Vice President of Caverion's Germany division. Deutsche Bundesbank belongs to Caverion's Public client segment. The work is already ongoing and will be finished in summer 2018. In total, Deutsche Bundesbank is investing more than EUR 300 million to the new branch. Read more about our work to public sector administration This information was brought to you by Cision http://news.cision.com http://news.cision.com/caverion/r/caverion-delivers-cooling-and-ventilation-to-deutsche-bundesbank-in-germany,c2259897 The following files are available for download:


News Article | May 24, 2017
Site: www.decentralized-energy.com

MAN Diesel & Turbo has upgraded the automation system on a 19-year old engine at a combined heat and power (CHP) plant operated by German federal bank Deutsche Bundesbank in Frankfurt. The upgrade was handled by MAN PrimeServ, the company’s global aftersales brand. It re-established safe and reliable operation and long-term availability of spare parts and service for Deutsche Bundesbank’s plant. Since 1998, Deutsche Bundesbank – one of the largest central banks in the world – has operated the plant, which is driven by the MAN Diesel 6L 32/40DF engine. The heat generated by the plant is used for heating and to produce hot water. During summer, the heat can be used for cooling by utilizing absorption refrigeration machines. “While the 19-year old engine was still mechanically flawless, the old electronic engine automation system was causing problems,” said Dr Thomas Spindler, head of PrimeServ Augsburg Upgrade & Retrofit department. “Compare it to your smartphone: even though the old hardware itself might still be fine, newer generation software will achieve better performance and offer more user-friendliness. At some point you need to upgrade your phone to the recent operating system to keep it running.” MAN PrimeServ Engineering updated the engine with its Safety and Control System (SaCoSone). Since 2008, the system is used on hundreds of diesel and dual-fuel engines both in marine and stationary plants. Thomas Pollak, development engineer at PrimeServ, explained that “it was the first conversion of an old dual-fuel engine automation system into a full SaCoSone system. We used the system for the 51/60 DF engine as a base, which is the 32/40 DF’s big brother so to speak. That way we did not have to program a new product for an old engine from scratch.”


The Deutsche Bundesbank commitment comes on the back of a significant capital investment towards building upgrades since NRE acquired the building in 2015 as well as a rebranding programme focused on highlighting the building's credentials as a dominant landmark in the Frankfurt CBD. The Trianon Tower, with its distinctive triangular shape, is one of the most iconic office towers in Germany and is centrally located at Mainzer Landstrasse 16. It is the sixth tallest office building in Germany at 186 metres with a total rentable area of 66,000 sq m over 47 floors. The Trianon Tower has been LEED Gold Certified since 2012. In addition to Deutsche Bundesbank, other high profile tenants include the Deka Group and investment manager Franklin Templeton, which renewed its 4,200 sqm lease by 10 years in December 2015. Mahbod Nia, CEO of NRE said: "We have committed significant resources towards upgrading and repositioning this landmark property since acquisition. The Trianon Tower is one of the best office buildings in Frankfurt and we are delighted that Deutsche Bundesbank has decided to expand its presence and extend its commitment to our building." Separately, NRE recently signed a new long term lease for 2,700 sqm in another Frankfurt asset in Uhlandstrasse, increasing occupancy of the building from 87% to 100%. About the Trianon Tower The property was constructed in 1993 and was designed by AS & P Albert Speer & Partner, Novotny Maehner Associates, HPP Hentrich-Pteschnigg & Partner. For further information please see: www.trianon-frankfurt.de. About NorthStar Realty Europe NorthStar Realty Europe Corp. (NYSE: NRE) is a European-focused commercial real estate company with predominantly high quality office properties in Germany, the United Kingdom and France, organized as a REIT and managed by an affiliate of Colony NorthStar, Inc. (NYSE: CLNS), a leading global real estate and investment management firm. For more information about NorthStar Realty Europe Corp., please visit www.nrecorp.com. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/northstar-realty-europe-leases-five-vacant-floors-at-the-trianon-tower-frankfurt-to-deutsche-bundesbank-on-new-10-year-lease-300454005.html


The Deutsche Bundesbank commitment comes on the back of a significant capital investment towards building upgrades since NRE acquired the building in 2015 as well as a rebranding programme focused on highlighting the building's credentials as a dominant landmark in the Frankfurt CBD. The Trianon Tower, with its distinctive triangular shape, is one of the most iconic office towers in Germany and is centrally located at Mainzer Landstrasse 16. It is the sixth tallest office building in Germany at 186 metres with a total rentable area of 66,000 sq m over 47 floors. The Trianon Tower has been LEED Gold Certified since 2012. In addition to Deutsche Bundesbank, other high profile tenants include the Deka Group and investment manager Franklin Templeton, which renewed its 4,200 sqm lease by 10 years in December 2015. Mahbod Nia, CEO of NRE said: "We have committed significant resources towards upgrading and repositioning this landmark property since acquisition. The Trianon Tower is one of the best office buildings in Frankfurt and we are delighted that Deutsche Bundesbank has decided to expand its presence and extend its commitment to our building." Separately, NRE recently signed a new long term lease for 2,700 sqm in another Frankfurt asset in Uhlandstrasse, increasing occupancy of the building from 87% to 100%. About the Trianon Tower The property was constructed in 1993 and was designed by AS & P Albert Speer & Partner, Novotny Maehner Associates, HPP Hentrich-Pteschnigg & Partner. For further information please see: www.trianon-frankfurt.de. About NorthStar Realty Europe NorthStar Realty Europe Corp. (NYSE: NRE) is a European-focused commercial real estate company with predominantly high quality office properties in Germany, the United Kingdom and France, organized as a REIT and managed by an affiliate of Colony NorthStar, Inc. (NYSE: CLNS), a leading global real estate and investment management firm. For more information about NorthStar Realty Europe Corp., please visit www.nrecorp.com.


De Trianon Tower, centraal gelegen aan de Mainzer Landstrasse 16, heeft een opvallende driehoeksvorm en is een van de meest iconische kantoorgebouwen in Duitsland. De toren is met zijn 186 meter en ruim 47 verdiepingen het op zes na hoogste kantoorgebouw in Duitsland en heeft een verhuurbaar oppervlak van in totaal 66.000 m2. De Trianon Tower werd in 2012 als LEED Gold-gebouw gecertificeerd. Mahbod Nia, CEO van NRE zei het volgende: "Sinds de aankoop hebben we veel geld en middelen in de renovatie en de herpositionering van dit opvallende onroerende goed geïnvesteerd. De Trianon Tower is een van de beste kantoorpanden van Frankfurt en we zijn bijzonder verheugd over het feit dat de Deutsche Bundesbank heeft besloten om diens aanwezigheid in en commitment aan ons gebouw te verlengen." Over de Trianon Tower Het pand werd in 1993 gebouwd en is een ontwerp van AS & P Albert Speer & Partner, Novotny Maehner Associates, HPP Hentrich-Pteschnigg & Partner. Kijk voor meer informatie op: www.trianon-frankfurt.de. Over NorthStar Realty Europe NorthStar Realty Europe Corp. (NYSE: NRE) is een commerciële vastgoedonderneming en eigenaar van hoogwaardige kantoorpanden Europa, voornamelijk in Duitsland, het Verenigd Koninkrijk en Frankrijk. De REIT-onderneming wordt beheerd door een dochteronderneming van Colony NorthStar, Inc. (NYSE: CLNS), een vooraanstaande, wereldwijd actieve vastgoedonderneming en vermogensbeheerder. Kijk voor meer informatie over NorthStar Realty Europe Corp. op: www.nrecorp.com.


NorthStar Realty Europe („NRE") hat einen neuen 10-Jahres-Leasing-Vertrag über 7.000 m² Bürofläche im Trianon mit der Deutschen Bundesbank unterzeichnet. Damit konnte eine der größten Leasing-Transaktionen in Frankfurt in diesem Jahr erzielt werden. Die Deutsche Bundesbank verlängerte zudem ihren Vertrag für die vorhandene Leasing-Fläche um weitere zwei Jahre und signalisierte damit ihre langfristige Bindung an dieses Gebäude. Insgesamt wird die Bank bis 2027 21.500 m² auf 16 Etagen nutzen.


La Trianon Tower, avec sa forme triangulaire distinctive, est l'un des immeubles de bureaux les plus emblématiques en Allemagne et est située en plein centre au Mainzer Landstrasse 16. C'est le sixième bâtiment le plus haut d'Allemagne, avec 186 mètres et une surface louable totale de 66 000 m2 sur 47 étages. La Trianon Tower est « LEED Gold Certified » depuis 2012. Pour Mahbod Nia, PDG de NRE : « Nous avons mobilisé d'importants moyens pour la rénovation et le repositionnement de ce bâtiment incontournable depuis son acquisition. La Trianon Tower est l'un des meilleurs immeubles de bureaux à Francfort, et nous sommes très heureux que la Deutsche Bundesbank ait décidé de renforcer sa présence et de renouveler sa confiance pour notre immeuble ». A propos de Trianon Tower L'immeuble a été construit en 1993 et a été dessiné par AS & P Albert Speer & Partner, Novotny Maehner Associates, HPP Hentrich-Pteschnigg & Partner. Pour de plus amples informations, rendez-vous sur www.trianon-frankfurt.de. A propos de NorthStar Realty Europe NorthStar Realty Europe Corp. (NYSE : NRE) est une société de promotion immobilière commerciale axée sur l'Europe qui propose principalement des immeubles de bureaux de haute qualité en Allemagne, au Royaume-Uni et en France, organisée comme société d'investissement immobilier cotée et gérée par une filiale de Colony NorthStar, Inc. (NYSE : CLNS), une grande société mondiale de gestion immobilière et d'investissement. Pour de plus amples informations sur NorthStar Realty Europe Corp., rendez-vous sur www.nrecorp.com.


News Article | November 14, 2016
Site: www.prweb.com

The National Bankruptcy Conference (NBC) announced today the election of Jane L. Vris as Chair and Prof. Randal C. Picker as Vice Chair of the Conference. Richard Levin, the outgoing Chair, said “The leadership, energy and passion of these two esteemed bankruptcy experts will enable the Conference to continue its 80-year tradition of being a valuable resource to Congress on bankruptcy issues.” We are pleased to introduce the following new Conference officers: Jane Lee Vris, General Counsel, Managing Director at Millstein & Co., L.P. in New York, NY Ms. Vris serves as General Counsel and Managing at Millstein & Co., LP. She brings nearly thirty-five years of experience as a restructuring lawyer to the firm, first as a Partner at Wachtell, Lipton, Rosen & Katz and more recently at Vinson & Elkins. At Millstein, she has participated in engagements for a number of clients, including the fiscal agent for Puerto Rico, counsel to an ad hoc group of senior secured creditors in the consolidated cases of Energy Futures Holdings and its subsidiaries, the UAW both in and out of court, companies in private exchange offers, and the largest creditor in CORE Media’s chapter 11 case. Before joining Millstein, Ms. Vris advised boards, special committees, creditors, potential purchasers of assets from distressed companies, and equity investors in companies emerging from Chapter 11. Ms. Vris’s prior clients have included Deutsche Bundesbank, the central bank of Germany; Huntsman as the stalking horse bidder in Tronox; Cereberus as the equity owner of Chrysler in its historic chapter 11 case; She has testified before Congress on bankruptcy matters, including resolution bills for systemically important financial institutions; previously chaired the Steering Committee of the NYC Bankruptcy Assistance Project; is a fellow of the American College of Bankruptcy where she currently serves as a member of the Board of Directors; was a contributing editor to Colliers, the leading treatise on US bankruptcy law, for nearly twenty years; has written on numerous bankruptcy issues; and is a frequent speaker at professional conferences and programs. She has been recognized in numerous publications as a leading bankruptcy professional, including Chambers and the International Who’s Who of Insolvency & Restructuring Lawyers. Ms. Vris has a J.D. from the New York University School of Law, where she was managing editor of the NYU Law Review, and a B.A, magna cum laude, from the University of Pennsylvania. She is the first female officer elected to serve as Chair of the NBC in its over 80-year history. Prof. Randal C. Picker, Professor of Law at The University of Chicago in Chicago, IL Randal Picker is the James Parker Hall Distinguished Service Professor of Law and the Ludwig & Hilde Wolf Teaching Scholar at The University of Chicago Law School. He is also Senior Fellow at The Computation Institute of the University of Chicago and Argonne National Laboratory. He graduated from the College of the University in 1980, cum laude, with a Bachelor of Arts in economics and was elected to Phi Beta Kappa. He then spent two years in the Department of Economics, where he was a Friedman Fellow, completing his doctoral course work and exams. He received a master’s degree in 1982. Thereafter, he attended the Law School and graduated in 1985, cum laude. He is a member of the Order of the Coif. While at the Law School, Prof. Picker was an associate editor of the Law Review. After graduation, Prof. Picker clerked for Judge Richard A. Posner of the United States Court of Appeals for the Seventh Circuit. He then spent three years with Sidley & Austin in Chicago, where he worked in the areas of debt restructuring and corporate reorganizations in bankruptcy. He served as a commissioner to the National Conference of Commissioners on Uniform State Laws and served as a member of the drafting committee to revise Article 9 of the Uniform Commercial Code. He is the author of a casebook, Security Interests in Personal Property, on the subject. Prof. Picker does research in a wide variety of areas including antitrust, copyright, bankruptcy and tech policy and teaches in related areas. His online course, Internet Giants: The Law and Economics of Media Platforms, is available on the Coursera platform and has been seen by thousands of students around the world. He has been extensively involved in administrative matters at The University of Chicago and currently serves as Spokesperson of the Council. The NBC is a non-profit, non-partisan, self-supporting organization of approximately sixty lawyers, law professors and bankruptcy judges whose primary purpose is to advise Congress on the operation of bankruptcy and related laws and any proposed changes to those laws. The NBC was formed in the 1930’s at the request of Congress to assist in the drafting of major Depression-era bankruptcy law amendments, ultimately resulting in the Chandler Act of 1938. The NBC has been a resource to Congress on every significant piece of bankruptcy legislation since that time. Please visit http://www.nationalbankruptcyconference.org for additional information on our work.


Grant
Agency: European Commission | Branch: FP7 | Program: MC-ITN | Phase: FP7-PEOPLE-ITN-2008 | Award Amount: 3.73M | Year: 2009

The financial markets turbulence in recent months serves to highlight the key roles of risk management and risk reporting in both private and public sectors. The rapid innovations of financial structured products and the difficulty in valuing and reporting them present a huge challenge to both investors and risk regulators. The developments of Basel II and Insolvency II regulatory frameworks have been seen as less than effective response to this increasing complex financial problem. The proposed ITN brings together the research excellence in financial reporting and governance, quantitative finance, finance and banking theory, systemic risk, and market microstructure from five universities, a central bank and two risk management industry experts from across Europe with the common goal of training young researchers in this field. They are supported by three other academic institutions and eight industry partners ranging from investment bank, insurance company, software and data service providers, and professional organisations all committed to help train the young researchers and some with the provision of internship experience. In a complex system, it is important that young researchers understand financial risks from many different perspectives, have the specialist expertise to deal with it and some practical firsthand experience with the industry. Researchers trained in such an integrated scheme will be better equipped in dealing with financial risk in their future careers in both public and private sectors.


Vilsmeier J.,Deutsche Bundesbank
Journal of Computational Finance | Year: 2016

In this paper, we update the option implied probability of default (iPoD) approach recently suggested in the literature. First, a numerically more stable objective function for the estimation of the risk-neutral density is derived, whose integrals can be solved analytically. Second, it is reasoned that the originally proposed approach for the estimation of the PoD produces arbitrary results; hence, an alternative procedure - based on the Lagrange multipliers - is suggested. Based on numerical evaluations and an illustrative empirical application, we conclude that the framework provides very promising results. © 2016 Incisive Risk Information (IP) Limited.

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