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*See glossary on page 198.<br />
**See glossary on page 197.<br />
98 Annual Report 2009<br />
Project highlights<br />
Large-scale projects<br />
HOCHTIEF Construction is building Barwa Commercial<br />
Avenue in Doha, a project valued at EUR 1.3 billion. The<br />
more than eight-kilometer retail and commercial center<br />
will be completed in mid-2012. Covering nearly 900,000<br />
square meters of gross floor space—equal to around<br />
110 soccer fields—the complex will offer exclusive retail,<br />
office and residential units. We already provided consulting<br />
services to the client in the planning phase of the<br />
project based on our partnership-based PreFair business<br />
model and used virtual construction technology:<br />
HOCHTIEF ViCon developed a complex 3D model of<br />
the shopping center which could be used to calculate<br />
the precise quantities of construction materials required.<br />
Office and commercial buildings<br />
In Frankfurt, the Tower 185 building will be constructed<br />
by spring 2010. At more than 185 meters, the 50-story<br />
tower is among the tallest buildings in Germany. After<br />
completion, the building is expected to receive LEED*<br />
Gold certification. The contract is worth EUR 62 million.<br />
Since July 2009, HOCHTIEF Construction has been re-<br />
vitalizing the former Unilever high-rise in Hamburg and<br />
expanding it into the new Emporio urban quarter, featuring<br />
office and commercial space, apartments and a<br />
325-room hotel. The Emporio received the silver preliminary<br />
certification from the German Sustainable Building<br />
Council** in early 2009. The contract is worth EUR 121<br />
million.<br />
Real estate development projects<br />
HOCHTIEF Construction is developing and building one<br />
of the largest residential complexes in North Rhine-Westphalia<br />
by 2011: the Wildparkcarrée project in Düsseldorf-Grafenberg.<br />
The development will include 280<br />
rental units and freehold apartments as well as luxury<br />
townhouses. An initial 140 apartments constructed<br />
during phase one representing an investment of EUR<br />
40 million have already been sold.<br />
Public-private partnership projects<br />
In April 2009, HOCHTIEF PPP Solutions was awarded<br />
a contract by the town of Moers in North Rhine-Westphalia<br />
to design, finance and build a new town hall with<br />
an adjacent education center and then to operate this<br />
complex for 23 years after completion. HOCHTIEF Construction<br />
is responsible for the construction work on<br />
behalf of its sister company. The share of the contract<br />
value accruing to HOCHTIEF Construction is EUR 48<br />
million.<br />
Infrastructure projects<br />
As partners in a joint venture, HOCHTIEF Construction<br />
is extending Prague’s metro line A along with its Czech<br />
subsidiary. The project includes lengthening the line by<br />
approximately six kilometers and adding four stations.<br />
The total value of the contract is around EUR 500 million,<br />
with HOCHTIEF’s share coming in at roughly EUR<br />
190 million.<br />
In Hořice in the Czech Republic, we are participating<br />
in a sustainable project aimed at renovating all public<br />
buildings and removing all barriers to accessibility<br />
throughout the town’s infrastructure, ranging from<br />
roads, walkways and public lighting to water mains.<br />
Airport projects<br />
In Wrocław, Poland, HOCHTIEF Polska is planning and<br />
building the new passenger terminal for the international<br />
airport by 2011. The contract worth around EUR<br />
56 million features construction of a new three-story<br />
terminal along with the access roads and 1,000 new<br />
parking spots.<br />
We are also expanding the airport in Poland’s second<br />
largest city, Łódź, and preparing to build a new airport<br />
in Vladivostok, Russia.<br />
Energy<br />
In the year under review, we built the first offshore wind<br />
farm in Germany, “alpha ventus,” north of the island of<br />
Borkum in conjunction with several of the country’s<br />
major utilities. The wind farm includes 12 wind turbines<br />
that HOCHTIEF Construction installed at a depth of 30<br />
meters and a transformer station. Use of our Odin jackup<br />
platform was vital in seamlessly conducting the nec-