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delphia. The project is worth approximately EUR 34 mil-<br />
lion. Covering 12,820 square meters, the new research<br />
facility will feature 39 laboratories. The building, which is<br />
scheduled for completion in 2011, is expected to be<br />
awarded LEED Silver certification.<br />
Office building and hotels segment<br />
The world’s tallest building, the Burj Khalifa, was dedicated<br />
in early 2010. Turner was involved in constructing<br />
this prestigious building as construction manager. The<br />
tower is 160 stories tall, rising to a height of 818 meters.<br />
In addition to a hotel and retail shops, the Burj Khalifa<br />
also offers office space and luxury apartments.<br />
Turner secured the construction management contract<br />
to build the 21-story Harrah’s Cherokee Hotel Tower III<br />
in the state of North Carolina valued at EUR 84 million.<br />
With 532 rooms added to the building, the property will<br />
be the biggest hotel in North Carolina.<br />
Healthcare segment<br />
Turner succeeded in acquiring numerous contracts in<br />
the healthcare segment in the period under review. Our<br />
subsidiary will build a medical office complex for just<br />
over EUR 66 million in Atlanta, Georgia. The new center<br />
will be erected on the grounds of the Center for Disease<br />
Control and Prevention. After completion in 2011,<br />
the complex is expected to measure almost 30,000<br />
square meters in total. The property, named “Building<br />
24,” is slated to achieve a LEED Gold certification from<br />
the United States Green Building Council.<br />
Turner is building the new hospital for University Medi-<br />
cal Center at Princeton, New Jersey, a project worth<br />
EUR 340 million. On completion, the hospital will offer<br />
269 beds and replace the former university hospital.<br />
The building with nearly 59,000 square meters of space<br />
will feature ten surgical suites, cardiac labs and radiation<br />
oncology facilities.<br />
Additional healthcare facilities in the reporting year in-<br />
cluded an approximately EUR 140 million cancer re-<br />
search center at the University of Chicago and a new<br />
14-story building for Yale-New Haven Hospital at Yale<br />
University with a contract valued at around EUR 195<br />
❘ Information for our Shareholders ❘ ❘ Management Report ❘ ❘ Financial Statements and Notes ❘<br />
million. Both institutions are long-term clients of our<br />
company.<br />
Turner Logistics was also involved in almost all health-<br />
care facility projects. The company, which focuses on<br />
specialized sourcing, also secured contracts for projects<br />
in the pharmaceuticals, justice, infrastructure,<br />
sports and industrial segments.<br />
Public building segment<br />
In the public segment, Turner built the new Training and<br />
Doctrine Command Headquarters for the US Army<br />
Corps of Engineers in Fort Eustis, Virginia. The EUR 68<br />
million project, which includes the construction of army<br />
headquarters measuring 25,000 square meters, aims<br />
to achieve LEED Silver certification.<br />
Our subsidiary is also building two army barracks in<br />
Camp Pendleton, California, as part of a joint venture<br />
team. The new US Army buildings to be completed by<br />
August 2011 will accommodate 2,800 marines. The<br />
contract is worth a total of EUR 147 million, EUR 88<br />
million of which is attributable to Turner.<br />
Turner also won a contract to design and construct a<br />
court building in Florida. The Duval County Courthouse<br />
project is worth EUR 158 million. Furthermore, Turner<br />
will expand two prison facilities in Georgia for a total of<br />
EUR 37 million.<br />
Sports facilities segment<br />
In the sports facilities segment, Turner completed work on<br />
the new 117,000-square-meter Yankee Stadium in Bronx,<br />
New York, offering seating for more than 52,000 fans.<br />
Turner is also responsible for demolishing the old Yankee<br />
Stadium. The follow-on contract was valued at EUR 36<br />
million.<br />
Green building segment<br />
In the United States, our subsidiary Turner is a green<br />
building pioneer. In 2009, Turner marked the milestone<br />
of its 100th building with LEED certification. Green project<br />
sales last year accounted for 50 percent of total<br />
contract value, up from 30 percent in 2008. Our subsidiary<br />
now employs more than 1,100 LEED Accredited<br />
Professionals who specialize in the construction of<br />
Annual Report 2009 85