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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-

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