- Business in North America extremely successful
- Green building again strong
- Turner remains market leader
- New subsidiary Flatiron fully integrated
In the year under review, the division's companies secured
new successes in North America. Turner was again recognized
as the number one general builder in the United
States, the world's largest construction market. Flatiron,
which specializes in the civil engineering segment, was fully
integrated into the HOCHTIEF Group in 2008. In addition,
HOCHTIEF PPP Solutions' entry in the North American market
was supported by our existing US subsidiaries.
Turner*
In 2008, Turner continued to retain its position as market
leader in the high-growth educational and healthcare
property segments. The industry publication Engineering
News-Record again recognized Turner as the largest general
builder during the year under review. Another industry publication,
Building Design and Construction (BD+C), even
named the HOCHTIEF subsidiary as one of the best places
to work in the industry and as the top contractor of the
year. Turner has ranked number one in the BD+C annual
Giants
survey for more than 20 years.
In the year under review, Turner secured its 15,000th
large-scale contract in its more than 100-year history.
Project highlights
Education segment
In the education market segment, Turner is the number
one established partner of schools and universities"a position
the company further expanded in 2008. For example,
we will be responsible for preconstruction planning
and construction of a number of buildings for the Stanford
University Graduate School of Business in California.
Among the features of the Knight Management Center
will be state-of-
the-art solar technology, which will reduce
the energy required by at least 40 percent. The sustainable
green building is seeking to achieve Platinum certification,
the highest level possible, for Leadership in Energy and
Environmental Design (LEED) from the United States Green
Building Council**.
In the period under review, Turner was awarded contracts
totaling EUR 150 million by the Los Angeles Unified School
District. Our US subsidiary will construct several classroom,
administrative and multi-use buildings as well as sports facilities
for three schools.
Healthcare segment
In the healthcare segment, market leader Turner won new
hospital contracts in 2008 amounting to a total of around
EUR 1.3 billion. Currently, our subsidiary's projects include
preconstruction, planning and building the Middle Tennessee
Medical Center Replacement Hospital in Murfreesboro,
Tennessee, a contract worth approximately EUR 135 million.
The building complex will have space for 286 beds,
ten operating rooms, a number of diagnostic imaging facilities,
an emergency department and several intensive care
units. Nationwide Children's Hospital in Columbus, Ohio,
was also among Turner's clients in the reporting year: Turner
was selected to manage the construction of its replacement
hospital. The hospital, which will accommodate 460
beds, is slated for completion in spring 2012. Turner"s
business relationship with the hospital goes back 15 years.
Turner was also selected to provide construction management
services for the EUR 62 million Health Services Center
for Yale University in New Haven, Connecticut. Scheduled
for completion in 2010, the 13,000-square-meter medical
facility is being built sustainably. Yale is seeking LEED Silver
certification for the Health Services Center. The university
also sought the services of Turner Logistics. The procurement
experts bought medical and technical products for
the center. The project represents a continuation of Turner"s
more than 30-year relationship with Yale University.
Public building segment
Turner is also active in the public sector. The company will
manage the construction of the Readiness Center for the
Army National Guard in Arlington, Virginia. Covering more
than 23,000 square meters, the approximately EUR 150
million US Army building complex will be built in two
phases. The project is seeking LEED Silver certification.
