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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

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