The Luxembourg City Centre building is on Boulevard Royal in the heart of the business district of Luxembourg, situated in a granite and glass office building. The area is home to most of Luxembourg's large financial services industry, with the Central Bank of Luxembourg, private banks, investment banks and international insurance companies all situated nearby. Several European Union institutions such as the European Court of Justice and the European Court of Auditors are nearby. The centre is well served by public transport and it is a short drive to reach the motorways heading to Germany, France or Belgium. Grand Rue, an important shopping street, and Place d'Armes with its many cafes and restaurants are nearby.