Hochtief Concessions GmbH is a German

Germany

Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

 business, fully owned subsidiary of the Hochtief

Hochtief

Hochtief Aktiengesellschaft is Germany's largest construction company. It is based in Essen but operates globally, ranking as the top general builder in the United States through its Turner Corporation subsidiary, and in Australia through the Leighton Group. In 2010 it employed more than 70,000...

 Group and is responsible for the development and implementation of concessions and operator projects. Its business areas include airports, roads, social infrastructure/public-sector building construction and further public-private partnership (PPP) projects handled together with subsidiaries Hochtief AirPort

Hochtief AirPort

Hochtief AirPort is an airport management company headquartered in Essen. The company was founded in 1997 and is a subsidiary of the international construction service provider Hochtief Aktiengesellschaft....

and Hochtief PPP Solutions.

Portfolio

The company's portfolio has a total value of about EUR 1.5 billion and currently comprises 89 schools, two city halls, a service center, a military base, two geothermal energy projects, seven roads, six airport holdings as well as two investment partnerships.

Investment partnerships

Investment partnerships are in place with Hochtief AirPort Capital GmbH & Co. KGaA and Hochtief PPP Schools Capital Ltd. as well as with subsidiary Hochtief AirPort Retail SH.P.K. Via Hochtief AirPort, the company also has a 100 percent interest in Transport and Logistics Consultancy Ltd. from the UK.

Facts and figures

The company was founded in 2008 and has its registered offices in Essen. Pre-tax earnings in 2008 amounted to EUR 109.6 million, of which EUR 96.5 million from Hochtief AirPort and EUR 13.1 million from Hochtief PPP Solutions. The portfolio value totaled EUR 1,544.1 billion, with airports accounting for EUR 1,245.6, roads for EUR 208.3 and social infrastructure projects for EUR 53.0.