• Total investment of around EUR 200 million
  • Official ground-breaking on June 6, 2016
  • Completion in fall 2018

The Anschutz Entertainment Group (AEG) has named HOCHTIEF as its general contractor for the construction of Mercedes Platz in Berlin. The two companies signed a corresponding agreement today. Mercedes Platz, in front of the Mercedes-Benz Arena, should become the vibrant heart of this dynamically growing urban quarter adjacent to the East Side Gallery, and AEG is to develop it by fall 2018 for around EUR 200 million.

Michael Kötter, Vice President Real Estate & Development AEG: 'We are delighted that in HOCHTIEF we have acquired a reliable partner with great experience of major projects for the construction of Mercedes Platz. Our agreement ensures that the project will be completed on time and within budget.'

Thilo Warlich, Branch Manager of HOCHTIEF Building Berlin: 'We are honored by the trust Anschutz has placed in us to build Mercedes Platz. We have already prepared thoroughly for the project in an effective PreConstruction phase, and implemented technical optimizations. We look forward to this exciting construction challenge and an excellent working relationship with Anschutz.'

AEG will hand over the construction site in front of the Mercedes-Benz Arena to HOCHTIEF at the beginning of May. The official ground-breaking will take place on June 6, 2016.

Contact:

Moritz Hillebrand, +49 30 2060708-250, moritz.hillebrand@aegeurope.com

Antje Meeuw, +49 201 824-4262, antje.meeuw@hochtief.de

Further information: www.mercedes-platz.de

Hochtief AG issued this content on 03 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 May 2016 10:23:05 UTC. Original document available at http://www.hochtief.com/hochtief_en/201.jhtml?pid=9833