Download ePaper

Drees & Sommer Group, Annual Report 2009

Drees & Sommer Group, Annual Report 2009 Drees & Sommer Group, Annual Report 2009

from dreso.com More from this publisher

03.12.2012 Views

2009

Drees & Sommer Group

Annual Report 2009

Spirit for Success

www.dreso.com

Contents

Report of the Supervisory Board

Report of the Executive Board

Trends

01 | Offices

— Stuttgart

— Berlin

— Düsseldorf

— Frankfurt

— Hamburg

— Cologne

— Leipzig, Erfurt, Dresden

— Munich, Nuremberg

— Balkans/Bulgaria

— Belgium

— China

— Italy

— Luxembourg

— Middle East

— Austria

— Poland

— Romania

— Russia and CIS states, Ukraine

— Switzerland

— Spain

— Czech Republic

— Turkey

— Hungary

— Vietnam

02 | Expert teams

— Advanced Building Technologies

— Process Consulting

— Infra Consult

— Development Management

03 | Balance Sheet

— Group Balance Sheet

— Balance Sheet AG

Overview of offices

Photo credits

4

6

8

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

36

37

38

39

40

42

44

46

Report of the

Supervisory Board

Chairman of the Supervisory Board

Prof. Dr.-Ing. Hans Sommer

During fiscal 2009, the Supervisory

Board reviewed the management of the

Aktiengesellschaft (stock corporation)

by the Executive Board and constantly

monitored business activities through

written and oral reports of the Executive

Board.

The annual financial statement submitted

by the Executive Board for fiscal

2009 has been examined following accounting

undertaken by Wirtschaftstreuhand

GmbH. No causes for objection

were found and the annual financial

state ment was certified as accurate with -

out reservation. In keeping with this, examination

of the annual financial statement

by the Supervisory Board raises

no cause for objection. The Supervisory

Board approves the annual financial

statement submitted by the Executive

Board and it was thereby adopted on

May 10, 2010.

The Supervisory Board approves the

management report.

Prof. Dr.-Ing. Hans Sommer

Chairman of the Supervisory Board

of Drees & Sommer AG

4

Report of the Executive Board

Steady performance: Drees & Sommer remains well

on track and is targeting moderate growth for 2010.

For 40 years customers from all sectors have

been putting their trust in Drees & Sommer.

What started off as an engineering office

with a staff of three in 1970 has become an

innovative world player with 1050 employees.

And our motto of “Spirit for success,

your success!” has proven itself in 27 national

and international offices.

A good result even in crisis year 2009

Despite the prevailing economic conditions

in 2009, Drees & Sommer bucked the trend

and looks back on a good year. The group

achieved sales of € 145.6 million (prior year

€ 136.9 million), whereby the increase in

sales is largely attributable to final invoicing.

Net income increased slightly to € 12.4

million (up from € 12.3 million in the prior

year). Order intake to March 2010 is stable,

with a large number of major projects under

negotiation. As a result of a conservative

financial policy, the partner-managed company

has a high equity ratio of 51 percent,

which provides a solid foundation.

Forecast: moderate growth in 2010

In 2009 Drees & Sommer put itself in a

strong starting position for the expected

economic upturn in 2010 with a robust,

target-oriented corporate strategy.

The company was able to win additional

market share. With the real estate industry

having bottomed out, moderate growth is

anticipated for 2010.

Internationalization – a cornerstone

Increased internationalization with a

comprehensive range of services is a cornerstone

for positive development. Many

of our customers are international players

for whom comprehensive geographical

coverage is a prerequisite for cooperation.

We have systematically addressed this

need and were able to increase corresponding

sales in 2009. The offices opened last

year in Switzerland and Spain have established

themselves quickly. In future, we will

also be providing our services in Belgium,

Poland, and Scandinavia.

With the general growth in international iza -

tion, worldwide demand for the local availability

of our services is increasing, and

these have to be tailored to local conditions

to a greater or lesser degree. For example,

international demand for project management

has increased in the areas of both

high-tech engineering and infrastructure

& transport. For this reason, in future every

office will have experts available in these

areas.

Project management – truly holistic

In the area of project management, the

focus is increasingly on the holistic service

provided by general construction management.

An increasing number of principals

only want to have one contact person

throughout all phases of the project. They

see the benefits of the avoidance of multiple

interfaces and clear-cut responsibility

provided by the ‘No Worries‘ package. Opti -

mization of the entire process results in

both considerable cost savings and improved

quality.

General construction management meets

these requirements through the early

involvement of all specialist planners and,

where appropriate, of the architect. In the

case of general construction management,

Drees & Sommer provides all general

technology planning services from conception

through to execution either in-house

or through cooperation partners for whom

it takes responsibility. This management

approach requires a particularly high level

of trust between the principal and the construction

manager. Traditionally, this exists

for Drees & Sommer.

Industrial clients as well as construction

companies and principals not involved in

construction projects can also benefit from

improved value-add through more effective

processes. Especially now, customers are

using the opportunity to optimize both their

core and secondary processes. We recognized

this need back in early 2008 and have

integrated process consulting into our range

of services.

More effective real estate management

with e.BIX

A paradigm shift is currently taking place in

facility management consulting to make it

more sustainable: This involves optimizing

building operation in the long-term. Today,

professional management software is essential

for swift and sure building analysis

and data management. Our innovative e.BIX

online platform makes data transfer more

efficient and streamlines processes. This

new application for the management of

building data during planning and construction

allows smooth communication across

format boundaries.

Engineering for sustainable buildings

With a growing focus on cost-savings, clients

are increasing turning their attention to

established buildings. High operating costs

and poor marketability require effective op-

timization with regard to energy consumption.

By incorporating sustainability criteria

into its engineering services, Drees & Som -

mer is both underscoring its pioneering

position in the area of Green Building and

ensuring economically efficient, ecological

buildings.

Fit through intensive vocational training

Highly qualified employees form the

foundation of our company‘s success and

customer satisfaction. Our employees have

to broaden their knowledge and expertise

significantly, particularly when it comes to

new and optimized service packages.

For this reason, we are currently developing

an enterprise-wide E-learning program.

This will make the expertise accumulated

by experienced Drees & Sommer experts

available in more than 300 learning units.

E-learning and our bilingual internal Vocational

Training Academy enable ongoing

cross-border knowledge transfer. Every

employee – from project manager to managing

director – works through a vocational

training program tailored to their specific

needs. The interdisciplinary expertise

generated by this program is used in daily

project practice to the direct benefit of our

customers.

Executive Board

Dipl.-Ing. Bau, MBA Dierk Mutschler

Dipl.-Ing. (FH) Peter Tzeschlock

Dipl.-Betriebswirtin (BA)

Gabriele Walker-Rudolf

Partners

Prof. Dr. Michael Bauer

Wolfgang Beck

Prof. Dr. Thomas Bohn

Jörg Ewald-Lincke

Hanns Ludwig Fiechtner

Phillip Goltermann

Prof. Dr. Friedrich Hensler

Stefan Heselschwerdt

Thomas Hofbauer

Hans-Peter Holler

Roland Huber

Thomas Jaißle

Sascha Kilb

Dr. Jürgen Laukemper

Martin Lutz

Dierk Mutschler

Frank Reuther

Ralph Scheer

Alexander Scheidler

Marc Schömbs

Matthias Schulle

Steffen Sendler

Prof. Dr. Hans Sommer

Peter Tzeschlock

Bernhard Unseld

Gabriele Walker-Rudolf

Markus Weigold

Rino Woyczyk

Jörg Zirlewagen

Trends

Branch focus, portfolio optimization and

Corporate Identity Buildings – the trends for 2010.

Drivers: Trade and the public sector

In the coming years, Drees & Sommer sees

potential in many areas, not least in retail

properties. As far as shopping centers are

concerned, there will be an increased focus

on urban locations, sustainability, and

flexible building planning. In this context,

sustainability covers not only ecological

and social aspects, but also addresses the

overall profitability of the property.

As a result of various subsidy programs,

there is also an increase in the number of

public-sector projects. Drees & Sommer has

offered the public sector information events

with specialist papers on this subject in all

major German cities. An extension of this

program throughout Europe is planned.

Public projects also include ‘social buildings’,

such as those for health care, including

hospitals. Here, experienced experts

find the balance between economic success

and the high quality of medical and nursing

services.

Marketability of established properties

Excessive operating costs resulting from increased

primary energy demand and insufficient

user well-being are the main causes

of the poor marketability of established

properties on the international market. Potential

tenants and investors are looking for

properties that offer low utility costs without

impacting on comfort and convenience. The

key factor in investment decisions is the

image gain that can be associated with a

Green Building. This means that in future, a

6

property‘s leasability, pricing, resale value

and return will depend substantially on ecological

standards. As a result, it will become

extremely difficult or even impossible to find

tenants for uncertified buildings. Properties

offered for sale without a Green Building

Label will just sit on the shelf.

Is a sustainable property portfolio economically

viable?

The key question for property owners is

whether refurbishment is profitable in the

long term. But often, the current status of

the building with regard to sustainability is

not known exactly. Drees & Sommer analyzes

the current status and indicates various

courses of action together with the associated

costs and forecast returns.

The experts develop refurbishment solutions

with low energy costs, high thermal

comfort, and the use of ecological construction

materials – wherever this is economically

feasible. This includes the identification

of soft spots in the building shell and the

heating technology used. The focus is on

the requirements of potential building users

as well as the interests of property owners

and investors. As a result, an established

building is transformed into an economical

and ecologically sound Green Building at a

cost that is clearly defined.

Green Building Labels make properties

marketable again

An internationally recognized Green Building

certification such as DGNB (Deutsche Gesell-

schaft für Nachhaltiges Bauen – German

Sustainable Building Council), LEED or

BREEAM identifies buildings – including

established ones – as sustainable and

therefore future-safe. Most international

Green Building Labels have a special variant

tailored spe cifically to established buildings.

Drees & Sommer auditors provide customers

with comprehensive advice on the

most appro priate label and undertake the

entire certification process.

The competitive benefits of Corporate

Identity Buildings

In nearly all industries, companies are adopting

an increasingly international approach.

This results in new requirements for dealing

with subsidiaries in various locations – be -

cause companies with a transregional or

even global presence have very special de -

mands of their properties: the buildings

must reflect the Corporate Identity (CI) and

meet profitability requirements. This applies

both to the architecture and facade as well

as to the structure of the building and workflows.

With four decades of experience in international

construction projects of all types and

sizes, Drees & Sommer is a proven partner

for such Corporate Identity Buildings. The

Group‘s experts cover all facets – from the

selection of an appropriate site, architecture

and building services equipment to fitout

and optimized processes. And importantly,

this consulting is independent and neutral.

Ensuring global recognition

If every subsidiary building allows a company‘s

identity to be recognized, this results

in a significant competitive edge. A higher

level of recognition promotes customer

and user confidence and increases international

awareness. Our Corporate Identity

building service ensures global architectural

implementation of customers‘ corporate

identity. Interdisciplinary Drees & Sommer

teams plan and implement new buildings

economically, optimizing internal processes,

developing efficient office structures, and

taking national environmental specifications

and locally available building materials into

account, always in accordance with Corporate

Identity guidelines.

Finding the right location

Drees & Sommer support for the customer

starts with the search for suitable locations.

With their knowledge of construction projects,

materials, infrastructure and statutory

requirements all over the world, experts support

companies in finding the ideal location

for their premises.

Implementing CI internationally

Often there are no standardized processes

at the new locations or there are adaptation

problems in branch offices. As a neutral

consultant, Drees & Sommer supports and

speeds up important decisions in this area.

Based on exact knowledge of industrial

sectors and the market, experts examine

the goals for the branch offices and develop

economical CI concepts. During implemen-

tation, Drees & Sommer assumes the role of

moderator, ensuring that CI guidelines are

efficiently adapted to local conditions and

processes. The result: the guidelines reflect

local requirements. This increases acceptance

in each branch office at both management

and employee levels. The company’s

identity is not only recognized internationally,

but actually practiced by all involved.

Achieving the goal without additional

personnel

When companies choose implementation by

Drees & Sommer, a tailored project organization

is developed. This involves both the

well-established schedule and cost control

and simultaneous quality control – from the

first draft to commissioning. As part of the

general construction management service,

customers receive a ‘No Worries‘ package:

This gives them one responsible contact

person for management, planning, architect

selection, and monitoring. In this way, the

customer can achieve the implementation of

Corporate Identity Buildings without additional

personnel.

Wherever they are, premises reflect the Corporate Identity.

01 Regional offices

For 40 years we have been offering our clients competency in Project Manage -

ment, Real Estate Consulting, and Engineering. Whether in Hanoi, Zurich or

Stuttgart, our specialists are wherever you need them to implement your project.

We are familiar with regional characteristics and support you world wide with our

expertise. Our name is synonymous with sustainable solutions, integrated con -

cepts and technical innovations – all under one roof.

Germany

Stuttgart

Always a step ahead in the market: Drees & Sommer

Stuttgart successfully weathers the economic crisis.

In 2009, the Stuttgart experts actively confronted

the difficult climate in the construction

and real estate sector by developing

and expanding innovative services.

With general construction management,

for example, the company acts as a single

source for all planning and construction

services. This guarantees the principal

optimum project certainty and a seamless,

efficient process. Two major projects were

significantly advanced: the Heilbronn

Education Campus and Building 1 for Roche

in Basel.

Expert Centers were also further expanded.

These are primarily based on regional cooperation

between established specialists

within the Drees & Sommer network. Clients

were provided with interdisciplinary exper -

tise in the areas of hospital construction and

Central laboratory, B. Braun Melsungen AG, Melsungen

10

operational real estate. The Stuttgart office

was also successful in providing competent

support for the organization and execution

of architectural competitions and the associated

requirements management.

Drees & Sommer impressed its customers

with its performance in numerous key projects

in 2009. The architectural highlight in

museum construction was the on-schedule

opening of the Porsche Museum in February.

Successful acquisitions included international

projects for the B. Braun Melsungen

pharmaceuticals group. The Stuttgart team

is working jointly with colleagues from Munich

on the establishment of extensive new

subsidiaries on three continents.

Your contacts (from left)

Prof. Dr.-Ing. Friedrich Hensler (Partner)

Dipl.-Ing. (FH) Wolfgang Beck (Partner)

Dipl.-Ing. Thomas Jaißle (Partner)

Dipl.-Ing., MBA Dierk Mutschler (Partner)

Dipl.-Ing. (FH) Bernhard Unseld (Partner)

Projects in 2009 – a selection

· Arena Ludwigsburg

· B. Braun Melsungen AG

· BBVA, Banco Bilbao Vizcaya Argentaria, Madrid

· Cultural and Congress Center, Heidenheim (CCH)

· Development Center, Hainbuch GmbH, Marbach

· Distribution Center, Eschbach

· Frankfurt Airport, new Terminal 3

· Groz-Beckert Technology Center, Albstadt

· Health Center, Langenau

· Heidenheim event center/hotel

· Heilbronn Education Campus

· Hospitals in Bad Urach, Langenau,

Freudenstadt, Friedrichshafen, Ravensburg,

Ruit, Ulm, Villingen-Schwenningen

· IHK (Chamber of Commerce), Stuttgart

· Mercedes-Benz, Kecskemét plant, Hungary

· Multipurpose hall Ulm/Neu-Ulm

· Oskar von Miller Forum, Munich

· Pfaffenhofen residential development

· Porsche Museum, Stuttgart

· Roche Building 1, Basel

· School cafeteria Tübingen

· Schwarzwälder Bote (newspaper), Oberndorf

· Sparkasse Böblingen, Freiburg, Göppingen,

Heidelberg, Hohenlohekreis, Memmingen, Ulm

· Stihl, new saw-chain factory, Switzerland

· Stuttgart 21

· Stuttgart Clinic, Olgahospital and Frauenklinik

· Stuttgart Library

· SV Insurance, Wiesbaden/Kassel

· SWR extension of Funkhaus, Stuttgart

· Vocational Training Center, Ehningen

Germany

Berlin

With its comprehensive range of services, Drees & Sommer

guarantees clients certainty and success.

In addition to this, newly developed services

in the areas Green Building, process

management and logistics came up trumps.

For the future-oriented Berlin Brandenburg

International (BBI) Airport project, Drees &

Sommer ensured that site development for

the BBI Business Park remained on schedule

and within budget, thus paving the way

for international developers and investors.

In difficult times, assurance of building

quality and adherence to budgets and

schedules are particularly important. One

focus was on technical finance controlling

for numerous real estate financiers and

investors.

Drees & Sommer ensured sustainable buildings

on the basis of LEED and DGNB Green

Building Labels during the construction of

the TOTAL high-rise in the Europa district for

Hackesches Quartier district, Berlin

Vivico, the MK3 office building for Frankonia

at the Nordbahnhof (north station) and the

Hackesches Quartier district project for IVG.

In the area of residential building refurbishment,

we supported Gesobau projects in

the Märkisches Viertel. In addition to rehabilitation,

energy optimization measures

were undertaken to improve profitability.

Drees & Sommer also managed the construction

of 52 villas and single-family homes

at Griebnitzsee for the Stofanel Group.

Preparations for the scheduled start of

construction of the Unter den Linden State

Opera in autumn 2010 has been completed.

As part of the Second Economic Stimulus

Package, Drees & Sommer is supporting the

development of refurbishment concepts for

the Berlin Festival House. First refurbishment

contracts have already been awarded.

Your contacts (from left)

Dipl.-Ing. (FH) Bau, M. Eng. Markus Weigold (Partner)

Dipl.-Ing. Oliver Beck

Dipl.-Ing., M. Sc. Sylvia Becker-Daiber

Projects in 2009 – a selection

· A10 Center, Wildau

· Altenhofer Straße, Berlin

· Behala GmbH, Westhafen Hall 1, Berlin

· Berlin Brandenburg International Airport,

Business Park site development, Berlin

· Berlin Air Show (ILA) 2010, Berlin/Brandenburg

· Berlin Festival House, Berlin

· City Clinic, Brandenburg/Havel

· Deutsche Guggenheim Shop, Berlin

· Due Diligence projects throughout Germany

· Edison-Höfe, Berlin

· E-Plus headquarters, Düsseldorf

· Evangelical Center for Development and Social

Welfare, Berlin

· Fire-prevention upgrade, Berlin Trade Fair Center

· Federal Printery, Berlin

· Hackesches Quartier district, Berlin

· Health Center, Brandenburg/Havel

· Hotel Jezera, Montenegro

· ICC and Congress Hall, Berlin

· Leipziger Platz 1–3, Berlin

· Märkisches Viertel district, Gesobau, Berlin

· New hotel at Lehrte station, Berlin

· Nicolaihaus Suhrkamp Verlag, Berlin

· Nordbahnhof (north station) MK3, Berlin

· Nursing Home for the Aged, Oberschöneweide

· PPP process, construction of new BMBF, Berlin

· Schlachtensee Neighborhood Center, Berlin

· Schlangenbader Straße (Schlange), degewo, Berlin

· Solar power system, Mariendorf, Berlin

· Tilia Living Resort Stofanel, Berlin

· TOTAL high-rise, Berlin

· Unter den Linden State Opera, Berlin

Germany

Düsseldorf

Drees & Sommer makes optimum use of Düsseldorf’s

excellent reputation as an economic and investment center.

Despite the economic crisis, business last

year was very positive. The prominence of

the telecommunications industry in Düsseldorf

and the North Rhine-Westphalian university

program were key success factors.

The first tenants moved into Düsseldorf‘s

Sky Office high-rise as planned in August

2009. In addition to active project control,

facade planning, building physics consulting

and tenant coordination all made a significant

contribution to the success of the

project. Qiagen, market leader in pharmacological

sampling and testing technologies,

used our project management throughout

all service phases. In-house IT tools such

as the ProjectCommu nicationSystem (PCS)

and CostMonitor (CoMo) were also used in

the process.

Green Building experts certify new buildings

in accordance with LEED. Drees & Sommer

Sky Office, Düsseldorf

12

also manages commissioning of building

services equipment.

Planning for a new building for the Düsseldorf

University of Applied Sciences is in

full swing. Following a decision resulting

from the general planning competition in

April 2009, the North Rhine-Westphalian

Construction and Properties Office (BLB

NRW) commissioned the general planner

and commenced user coordination with

the university. Drees & Sommer is undertaking

project control in accordance with

AHO (German Fee Structure Commission

of Engineers’ and Architects’ Associations

and Chambers)/DVP (German Association

of Project Controllers) and will control the

project until the planned handover.

Drees & Sommer is bringing its entire consulting

and control competence to bear for

Ericsson. A team is supporting the customer

with restructuring projects: constructio man-

agement in Aachen/Herzogenrath, tenant

management in Backnang, and change man-

agement for the headquarters in Düsseldorf.

In keeping with the principle of providing

a holistic range of services, Real Estate

Consulting will be added to the service

portfolio. Experts in Green Building, facility

management and technical & economic

construction consulting are also covering

future-oriented fields and creating valueadd

for customers. In this way, Drees & Som-

mer is setting the course for the future de-

velopment of the regional office.

Your contacts (from left)

Dipl.-Ing., Dipl.-Wirtsch.-Ing. Jörg Ewald-Lincke (Partner)

Dipl.-Ing. Olaf Kirschner

Projects in 2009 – a selection

· Extension of Evangelical Hospital, Mettmann

· New Alemannia stadium, Aachen

· New Amada Solution Center, Haan

· New building Bandsaw Wasino AMTE, Haan

· New building, Düsseldorf University of Applied

Sciences campus

· New building, Ruhr West University, Mülheim/

Bottrop

· New correctional facility, Wuppertal

· New E-Plus headquarters, Düsseldorf

· New Kö-Blick office building, Düsseldorf

· New Oeconomicum, Düsseldorf

· New Sky Office, Düsseldorf

· New Victoria Versicherung (insurance) building,

Düsseldorf

· New Vodafone Campus, Ratingen

· New Vodafone headquarters, Düsseldorf

· Revitalization, Ericsson, Herzogenrath

· Revitalization, Zollverein coal mine, Essen

· Tenant coordination Ericsson, Backnang

· University development planning,

School of Music, Düsseldorf

Germany

Frankfurt

The regional office continued to grow in 2009 as the

result of major projects and a broad range of services.

The facade of the Deutsche Bank towers

in Frankfurt have been renovated, and the

topping-out ceremony for the new roof

over the foyer was celebrated at the end of

November 2009. Certification of the Green-

towers to the highest ratings of DGNB and

LEED Labels – Gold and Platinum respectively

– was prepared.

The outcome of the invitation to tender for

construction of the European Central Bank

(ECB) was also successful. A team with representatives

from the ECB, the architects,

the specialist planners, and Drees & Sommer

is awarding the eight most important

packages of a total of 16 tender packages

that are within budget. Construction work

started in spring 2010.

For the former Dresdner Bank – now

Commerzbank – Drees & Sommer is not

Deutsche Bank AG, Greentowers

only involved in the refurbishment of the

Silvertower, but is also providing active tenant

management to ensure that after only

nine months planning and construction, the

former Dresdner Bank Management Board

building can be handed over on schedule to

the new tenant, Deutsche Bahn.

The PPP refurbishment and new construction

of four schools in Frankfurt was completed

last year: They were handed over in

time for use at the start of the school year.

Exhibition hall 11 with a new entry area

also opened punctually in time for the IAA

(Frankfurt Motor Show). At the end of the

year, the Regional Tax Office was able to

move into its new premises in the Main

Triangel. Drees & Sommer tenant management

ensured that the leased premises

were handed over on schedule.

Some very interesting new projects were

awarded, including the remodeling and

extension of the Städel Museum in Frankfurt.

Drees & Sommer is also managing

a further two Public Private Partnership

projects: The Wiesbaden Law School for the

European Business School and the state of

Hessen, and the construction of the new

Hofheim Clinic for the Main-Taunus district.

The implementation model for this project

deserves special mention as it is the first

project in Hessen in which the clinic itself is

responsible for operations. In view of this,

we will continue to promote the expansion

of business in this area in 2010.

Your contacts (from left)

Dipl.-Ing. Bau Alexander Scheidler (Partner)

Dipl.-Ing. (FH) Bau Hanno Hafkemeyer

Dipl.-Ing. (FH) Thomas Hofbauer (Partner)

Dipl.-Ing. Bau Sascha Kilb (Partner)

Dipl.-Ing. Architekt Marc Schömbs (Partner)

Dipl.-Ing. Bau Ingmar von Franqué

Projects in 2009 – a selection

· Adina Apartment Hotel, Frankfurt

· Aareal Estate AG, Las Arenas, Barcelona

· Aareal Estate AG, new building in Paulinenstraße,

Wiesbaden

· City of Bad Soden, Medicopalais, Bad Soden

· City of Frankfurt, ‘Am Riedberg’ and

‘Am Martinszehnten’

· City of Frankfurt, PPP refurbishment of

four schools

· City of Wiesbaden, Multipurpose hall study

· Deutsche Bank AG, Bismarckplatz 1, Essen

· Deutsche Bank AG, Taunusanlage 12, Frankfurt

(Greentowers)

· Dresdner Bank AG, Gallusanlage 8, Frankfurt

· Dresdner Bank AG, refurbishment of Silvertower,

Frankfurt

· GSI Helmholtz Center for Heavy Ion Research,

FAIR project, Darmstadt

· House of Encounter, Königstein

· HP EMEA, Next Generation, Weiterstadt,

Rüsselsheim

· Karstadt AG, LuisenForum Wiesbaden

· Law School, Wiesbaden

· Lenbachgärten Munich

· Main Triangel GmbH, Frankfurt

· Messe Frankfurt (Frankfurt Exhibition Center),

New Exhibition Hall 11

· MTK Clinics, new Hofheim Clinic

· New European Central Bank, Frankfurt

· New Fibona Hotel, Dresden

· Städel Museum annex, Frankfurt

· Toskana Therme (spa), Bad Orb

· Union Investment, Rheingalerie, Ludwigshafen

Germany

Hamburg

New customer trust strengthens Drees and Sommer’s

North German presence.

In 2009 the markets in the regions of Kiel,

Hannover and Bremen were consolidated

by the opening of new offices. The Hamburg

market was further stabilized and expanded

through diversified services.

The refurbish ment and revitalization of

commercial buildings is a market of growing

importance in Hamburg. There is an

increasing demand for real estate strategy

consulting services, for example in the

area of residential construction – as part

of development studies for older buildings

requiring refurbishment – or project control

of customized luxury housing.

As a result of the Second Economic Stimulus

Package, Drees & Sommer was awarded

Office Tower Mundsburg, Hamburg

14

contracts including seven projects for the

Schleswig-Holstein University Clinic. The

multiproject management is characterized

by strict schedule and cost planning, bring -

ing the company‘s competence in hospital

construction management to bear. In order

to meet the demanding goals for new buildings

for the International Building Exhibition

(IBA) in Hamburg in 2013, Drees & Sommer

has examined all IBA projects for possible

Green Building certification.

Management of the Bergedorf central bus

station project is a demanding task. Numerous

interfaces have to be controlled to

allow construction of the multi-story car

park, the new German Rail station building,

and the elevated new central bus station to

proceed with the necessary risk minimization.

In a two-phase process during the revitalization

of the Mundsburg Office Tower, the

facade, building services equipment and

fitout were replaced and modernized. The

Hamburg team was commissioned to undertake

project control, facade planning, and

a DGNB Quick Check. The tight schedule,

strict budget limitation and heritage protection

requirements were big challenges.

In the coming business year, Drees & Som -

mer will respond to market demand by

expanding the range of services in the areas

of harbor construction and facility management

consulting.

Your contacts (from left)

Dipl.-Ing. Architekt Phillip Goltermann (Partner)

Dipl.-Ing. Björn Jesse

Dipl.-Ing. Claudia Niendorf

Projects in 2009 – a selection

· Adina Apartment Hotel, Hamburg

· Budersand Golf Resort, Hörnum, Sylt

· Central bus station, Hamburg-Bergedorf

· Center for Applied Aeronautical Research (ZAL),

Hamburg

· Elbe Philharmonic, Hamburg

· Ericusspitze, Spiegel Verlag, Hamburg

· Fehmarnbelt Bridge, Copenhagen

· Hamburg Cemeteries

· Husum Exhibition Center

· International Building Exhibition (IBA), Hamburg

· Jungheinrich, Landsberg

· Kiel Department of Public Works

· Kiel-Mettenhof electricity substation

· Klimahaus 8° Ost (climate house), Bremerhaven

· Kurt-Schumacher-Straße, Braunschweig

· Lindley Carree, Hamburg

· Memelio Miestas harbor area, Klaipeda, Lithuania

· New building, Rabenstraße 3 – 12, Hamburg

· Norddeutscher Retailservice (NRS), Hamburg

· Office Tower Mundsburg, Hamburg

· oPva-Nord upgrade of fire prevention systems,

Hamburg

· Oslebshausen correctional facility, Bremen

· Premium Alster, Hamburg

· Pier, Timmendorfer Strand

· Rainvilleterrassen, Reederei Rickmers, Hamburg

· RegioStadtbahn, Greater Braunschweig

· Rostock Zoo, construction of new Darwineum

· Schenefeld townhouses, Schenefeld

· Sophienterrassen (terraces), Hamburg

· Tourism project Old Harbor, Bremerhaven

· Trave Center, Bad Oldesloe

Germany

Cologne

2009 was marked by double-digit growth and further

expansion of our market position.

The growth target was met despite difficult

conditions. One of the mainstays was further

market development – as reflected in

new contracts in Dortmund, such as the

Eving and Mengede baths and the Anne

Frank School.

Drees & Sommer is supporting the Rheinparkmetropole

in Cologne – one of the

biggest office projects in Germany – by pro -

v iding tenant management and project

control services. In late summer, HDI/Gerling

– a member of the Talanix insurance

group – moved into their leased premises.

Handover to the RTL broadcasting group will

take place at the end of the year. The modern

transmission center is the centerpiece

of the leased area. The Cologne Oval Office

is a successful symbiosis of sustainability

and innovative architecture. The combination

of project management and technical &

Rheinhallen/Rheinpark offices, Cologne

economic construction consulting enabled

completion within budget. The establishment

of a modular clinic is a pilot project

for the Bonn University Clinic‘s master plan.

A team consulted the clinic on user issues

and has been entrusted with developing the

invitation to tender for a prime contractor,

with medical technology included. In addition

to this project, which is financed by

funds from the Second Economic Stimulus

Program (ESP II), Drees & Sommer is also

supporting other ESP II projects.

Drees & Sommer again targeted growth in

2010. Strategic property consulting is of

growing importance. Here the key is to generate

value-add and savings. The regional

office is expecting a further increase in revitalization

and in projects involving health

care and clinic fitout, as well as education,

logistics, industrial and residential projects.

Your contacts (from left)

Dipl.-Ing. (FH) Matthias Schulle (Partner)

Dipl.-Ing. Christian Könings

Projects in 2009 – a selection

· BMP 1, Essen

· Cäcilium, Cologne

· Claudius-Höfe, Bochum

· Cologne Oval Offices, Cologne

· Eving indoor swimming pool, Dortmund

· Forensic Clinic, Düren

· ‘fresh open’ open-air pool, Frechen

· Kranhaus Süd, Cologne

· Life Science Center, Cologne

· Lukas Hospital, Neuss

· Mengede indoor swimming pool, Dortmund

· Modular Clinic, Bonn

· Odysseum (Cologne Science Center), Cologne

· Police Headquarters, Bonn

· Rheinparkmetropole, Cologne

· Residential high-rise, Hanielstraße, Duisburg

· Theater, Dortmund

· Uni Campus, Bonn

· West Germany Proton Therapy Center, Essen

Germany

Leipzig, Erfurt, Dresden

Comprehensive assurance of project goal achievement

once again the focus of consulting in 2009.

Above all, it was public and subsidized construction

projects that secured stable order

intake in 2009.

Many projects started the previous year or

developed during 2009 are funded by subsidy

programs that end in the next two or

three years. There was demand for suitable

project execution models that provide principals

with transparency, efficiency and the

security, that the project will be completed

within budget and on schedule within the

specified subsidy period.

In Leipzig, 45,000 square meters of gross

floor area were remodeled in only five

months for iii Fonds. Before the start of construction,

the experts undertook appropriate

requirements planning on the half of the

City of Leipzig.

SRH Forest Clinic, Gera

16

September 2009 saw the opening of Centrum

Galerie in Dresden – one of the largest

inner-city shopping centers in Germany.

With over 60,000 square meters of retail

space, over 1,000 parking spaces, a fitness

center and numerous food and beverage

outlets, it is a new highlight of the city

center.

The successful start of refurbishment of the

Dresden Palace of Culture was of key significance

for the establishment of the Dresden

office, started in 2009 and to be continued

in 2010. Dresden supplements Leipzig and

Erfurt as the third office in the region. In cooperation

with the Construction Office, the

Cultural Office and other municipal departments,

experts from Leipzig and Stuttgart

ensured that the planning principles used

were aligned with the project goals.

Your contacts (from left)

Dipl.-Ing. Jörg Wohlfarth

Dipl.-Ing. Frank Schulze

Projects in 2009 – a selection

· Almak residential portfolio, Leipzig

· Art and commercial arcades, Plagwitz

· Augustusplatz University Campus, Leipzig

· Bad Saarow Aged Care Center

· bSolar, Brandenburg

· Centrum Galerie, Dresden

· Commercial property with underground garage,

Fulda

· DIY store, Kempten

· Elbe Philharmonic, Hamburg

· Elsterheide foundry

· Evangelical Augustinian Monastery, Erfurt,

2nd phase

· Hainstraße 15, Leipzig

· House of Archeology and History, Chemnitz

· Joh department store, Zwickau

· Jungheinrich production building, Landsberg

· Karl May Museum, Radebeul

· Klimahaus 8° Ost, Bremerhaven

· Laboratory building with animal building, Jena

· Merkurhaus, Leipzig

· Palace of Culture, Dresden

· Permosereck, Leipzig

· Police Headquarters, Bonn

· Q.Cells, office modules 2+3, Bitterfeld-Wolfen

· Sächsische AufbauBank, Dresden

· SRH Forest Clinic, Gera

· Stuttgart 21

· Südcenter, Leipzig

· Town hall, Leipzig II

· West German Proton Therapy Center, Essen

Germany

Munich, Nuremberg

The Munich and Nuremberg regional offices

win more public contracts in 2009.

Fiscal 2009 was characterized by a significant

change in the property market, with the

focus shifting from investment and industrial

projects to public-sector contracts. In

addition to project management services for

this sector, the area of real estate consulting

was substantially expanded – above

all development consulting, due diligence

projects, portfolio optimization and feasibility

studies.

The Munich office won the project for the

construction of the new Fire Station 4 in

Munich, the pilot project for the expansion

and modernization of Munich fire stations.

The central emergency call center is to be

integrated into the building, requiring a

high level of specialist technical knowledge.

Drees & Sommer is supporting the

principal, the City of Munich, by providing

IVG – An den Brücken, Munich

comprehensive project management.

Three years after its foundation, the regional

office in Nuremberg also looks back

on a successful business year. A feasibility

study was undertaken for HUK-Coburg (insurance

and building society) for the expansion

of a large data center. Drees & Sommer

helped the customer to find the most economical

and technically suitable solution.

The economic planning specifications are

now being implemented in a subsequent

project management phase.

The Nuremberg regional office was commissioned

by the Sparkasse Erlangen (savings

bank) to develop a sustainable development

concept for an underutilized inner-city

site. An urban planning ideas competition

and investor search will then be carried out

on this basis.

Your contacts (from left)

Prof. Dr.-Ing. Thomas Bohn (Partner)

Dipl.-Ing. Rino Woyczyk (Partner)

Dipl.-Ing. Architekt Jörg Zirlewagen (Partner)

Dipl.-Ing. (FH) Holger Seidel (Nuremberg office)

Projects in 2009 – a selection

· AOK Bavaria, Traunstein office

· B. Braun LIFT, Barcelona

· BMW, construction phase 6.3, motor test bed,

Munich

· BMW, Energy Experimental Center, Munich

· BMW, Institute for Advanced Study, Munich

· Chiemgau Arena, Ruhpolding

· D.A.S. Versicherung, Munich

· Deutsches Theater, Munich

· European Patent Office, Munich

· Foundation Hospital, Nördlingen

· Freiham Health Center, Munich

· Gasteig München GmbH

· Hessenbachstraße residential development,

Augsburg

· HUK-Coburg, Coburg

· HypoVereinsbank, Munich

· IVG Immobilien AG, An den Brücken, Munich

· Kempten Clinic

· Kreissparkasse Augsburg (savings bank),

remodeling of headquarters

· New Fire Station 4, Munich

· New State Church Archive, Nuremberg

· Neues Wohnen Brunostraße, Würzburg

· Nymphenburger Höfe, Munich

· Octapharma, Heidelberg

· Ostallgäu-Marktoberdorf Administration Office

· Pandion building, Isoldestraße, Munich

· Sparkasse Erlangen (savings bank), Gossen site

· Stachus shopping center, Munich

· University of Television and Film /

Egyptian Museum Munich

· Wittelsbach Castle, Friedberg

Balkans/Bulgaria

Belgrade/Sofia

Well positioned in a dynamic market –

thanks to close networking of the group.

Despite the economic crisis and a difficult

environment, both Drees & Sommer subsidiaries

performed well. There is continuing

growth in demand from private- and publicsector

clients for professional management

services Made in Germany combined with

local expertise.

And the company‘s local-presence strategy

demonstrates, more than ever, that it gives

a clear competitive edge. The close cooperation

between local colleagues with a

detailed knowledge of regional conventions

and experienced employees from other

international offices guarantees clients

the highest possible level of certainty and

optimal execution of their projects.

In the Balkans, Drees & Sommer once again

achieved substantial value-add for the

Hotel Zabljak, Jezera

18

client with the Zabljak tourist development

project. Refurbishment of the hotel was

successfully started.

An increase in economic activity is anti ci -

pated for the coming year, allowing improve-

ments in the business environment to be

expected – particularly for industrial con-

struction. In addition, the construction

industry should benefit from government

support.

The current economic situation offers op -

portunities for additional growth and sus -

tainable expansion. This applies par ticularly

to the Bulgarian market, where there is

enor mous potential, especially for major

EU-subsidized infrastructure projects. At -

tention is mainly focused on road and rail

transport, and on the water and wastedisposal

sector.

Your contact

Dipl.-Ing. Hanns Ludwig Fiechtner (Partner)

Projects in 2009 – a selection

Balkans

· Zabljak tourist development, Jezera

Bulgaria

· Kaufland markets throughout Bulgaria

· Sofia Outlet Center

Belgium

Brussels

Drees & Sommer anticipates a positive future

for the new Belgian subsidiary.

The experts successfully established themselves

in Belgium in 2009 with numerous

contracts. Projects for Schüco included the

coordination of facade work for the new

NATO headquarters in Brussels in partnership

with Drees & Sommer Advanced Buil d-

ing Technologies. With an investment vo -

lume of some € 500 million, the headquarter

is being built on a 40-hectare site opposite

the old NATO building. The project is

scheduled for completion in 2012.

Another project is the ‘K in Kortrijk’ shopping

center. Drees & Sommer is supporting

Union Investment Real Estate by providing

technical due diligence and monitoring.

After completion in spring 2010, the shopping

center will offer some 33,000 square

meters of space for lease, 20 apartments,

and 1,050 underground parking spaces.

K in Kortrijk, Kortrijk, Belgium

There is particularly large demand for high-

quality construction services. Drees & Sommer

has excellent opportunities to score

contracts here with its comprehensive range

of competencies.

From 2012, an energy performance certifi-

cate will be required for transactions involving

commercial properties. This will

stimulate increased interest in Green Building

Labels and energy-efficient construction.

Demand for Green Buildings is already

increasing. Drees & Sommer is confident of

playing a pioneering role in this area.

Greater utilization of the Belgian office is

planned for 2010. The aim is to generate

additional projects and contracts, and to

actively support to EU institutions in the

future.

Your contacts (from left)

Dipl.-Ing. (FH) Frank Reuther (Partner)

Dipl.-Ing. (FH) Architekt, M. Eng. Christopher Matthies

Projects in 2009 – a selection

· Brussels Airport Garden, Building B

· ‘K in Kortrijk’ shopping center, Kortrijk

· NATO headquarters, Brussels

· Parliament of the German-speaking Community

of Belgium, Eupen

· Rue Royale office building, Brussels

· Warehouse and offices, St. Niklaas

China

Shanghai

In 2009, the Chinese market was characterized

by great vigor and enormous demand potential.

The growth of Chinese cities continues un -

abated, with an increasing emphasis on

planning and construction quality for both

individual properties and entire districts.

The issue of sustainability is also of growing

importance.

This has led to greater demand for development

management services. Drees &

Sommer has been cooperating with the

Shanghai-based Sino-German architectural

and urban planning office SBA since 2004.

As the result of numerous successfully

completed projects, the partners are now

in a position to respond to a continued

increase in demand for consulting services

in the areas of urban development and

infrastructure.

In 2009, service delivery focused in particular

on the preparation of city, district and

Moon Island, Zhuhai Lover’s Road, Zhuhai

20

property developments as well as on Green

City and disused land development.

For the Zhuhai Lover’s Road project, in

addition to a site and market analysis,

Drees & Sommer undertook the definition

of target groups and the examination of

best-practice examples, as well as supporting

SBA with the development of the

land-use concept. The highlight of the

concept is the development of the sickleshaped

‘Moon Island’ with a range of landuse

possibilities.

The rapidly growing Chinese market also

offers huge development potential. Key

factors for success in this market are international

expertise, local know-how and a

long-term approach.

Your contact

Dipl.-Ing., MBA, Architekt & Stadtplaner

Roland Huber (Partner)

Projects in 2009 – a selection

· Dongao Island, Zhuhai

· Hongqiao Commercial and Business Park,

Shanghai

· Longyang Road, Shanghai

· Qianjiang New Town, Hangzhou

· Re-use concept for EXPO-Axis, Shanghai

· Shougang Industrial Park, Beijing

· Zhuhai Lover’s Road, Zhuhai

Italy

Rome, Milan

Drees & Sommer is bolstering its consulting services

in Italy, particularly in the area of Green Building.

Important architectural projects were successfully

completed in Milan in 2009. This

resulted in an increase in sales for both the

Rome and Milan subsidiaries.

Following the opening of the Mercedes-

Benz center in Milan in the summer of

2009, the Drees & Sommer project managers

handed over the Commercial Vehicles

Sales Center to the principal. In the second

half-year the administrative buildings and

technology centers for BMW Husqvarna in

Varese and B. Braun Melsungen in Milan

were completed with zero defects, allowing

operations to commence on schedule in all

buildings.

Despite the difficult situation on the financial

market, the acquisition of properties by

international property funds was supported

by the provision of technical due diligence

Via Laurentina office complex, Rome

services. The Via Laurentina office complex

in Rome, Union Investment Real Estate AG,

DEKA, and SEB Asset Management all awarded

contracts for the monitoring, maintenance,

and revitalization of their properties.

Experts expect that the criteria of the LEED

international environmental compatibility

certification will be implemented in the

Italian ITACA standard in the near future.

Drees & Sommer already guarantees the full

range of services at all Italian offices.

In 2010, competency in the area of design

and operation of energy-efficient and ecol

ogical buildings will be further enhanced

by Drees & Sommer Advanced Building

Technologies. Overall sales in Italy are set

to increase a result of planned infrastructure

projects, and a Competence Center

has already been established to meet this

demand.

Your contacts (from left)

Dipl.-Ing. Jürgen Kreisel

Dipl.-Ing. Architektin Zina Marincola di San Floro

Projects in 2009 – a selection

· Bavarian Radio, Rome

· B. Braun Melsungen AG, Milan

· Commercial Vehicle Sales Center, Lainate

· DEKA Via Pirelli, Milan

· Husqvarna Motorcycles, Varese

· Residential project, Innichen

· Shopping center, Monza

· Shopping center Carrefour, Pavia

· New Congress Center, Rome

· Via Laurentina Office complex, Rome

Luxembourg

Munsbach

Luxembourg acquires numerous follow-up

orders and new projects in 2009.

Cooperation between Drees & Sommer Ex -

pert Teams in Luxembourg, Belgium, France

and Germany was so successful that additional

employees were hired. In 2009, the

focus was on project management services,

technical due diligence, and a range of re -

gion-specific services such as ‘Maîtrise

d’ouvrage déléguée’, which corresponds to

construction management.

The Saarland University of Applied Sciences

(HTW) project is being managed by a consortium

of construction, economic and legal

consultants and Public Private Partnership

services, with Drees & Sommer Luxembourg

acting as leadhouse. The Luxembourg team

is currently also working on the remodeling

of the Saarbrücken University and State

Library for the same principal.

Construction management services were

used for the extension of the European

Intermunicipal swimming pool Syrdall Schwëmm

22

Court of Auditors, and experts are providing

comprehensive project management

services for the remodeling of the Centre du

Rham Aged Care Center.

Drees & Sommer also made its mark in hospital

construction: April 2009 saw the celebration

of the completion of the Clinique

d’Eich project on time and within budget.

Other activities for the principal Centre Hospitalier

de Luxembourg (CHL) include the

Hôpital Municipal, Nouvelle Maternité, and

INCCI projects.

For 2010, the Luxembourg subsidiary

has set itself the goals of supporting the

establishment of the Belgian subsidiary and

expanding activities in France. Promotion

of engineering services and infrastructure

competencies will also be continued.

Your contacts (from left)

Dipl.-Ing. (FH) Frank Reuther (Partner)

Dipl.-Ing. Bau Maximilien Ast

Dipl.-Ing. (FH) Bau Silke Lang

Projects in 2009 – a selection

· 488, route de Longwy, Luxembourg

· Belval-Ouest site development, Belval

· Centre du Rham, Luxembourg

· Centre Hospitalier Neuro-Psychiatrique,

Ettelbruck

· Clinique Bohler, Luxembourg

· Clinique d’Eich, Luxembourg

· Clinique St. Joseph, Wiltz

· Clinique Ste. Marie, Esch/Alzette

· Cour des Comptes Européenne, Luxembourg

· Ecole Fousbann, Differdange

· Haaptmann’s Schlass, Berbourg

· Hôpital Kirchberg, Luxembourg

· Hôpital Municipal, Luxembourg

· INCCI, Luxembourg

· Institut St. Joseph, Betzdorf

· Maison Relais, Dreiborn

· Nouvelle Maternité, Luxembourg

· Parc Rischard, Luxembourg

· Public parking, Walferdange

· Project development, Bertrange

· Saarland University of Applied Sciences,

Saarbrücken

· School redevelopment, Bascharage

· Sports hall and sports fields, Bascharage

· Syrdall Schwëmm, Niederanven

· TDD Hansainvest, Luxembourg

· TDD Rue Pierre Aspelt, Luxembourg

· TDD Wagner Selection, Luxembourg

· University and State Library, Saarbrücken

Middle East

Dubai

Clients in the Middle East attach great importance to

sound property concepts and sustainable building.

Despite many stalled projects, construction

continues – if at a significantly reduced volume

and at reduced speed. The market has

bottomed out and new investment projects

are being undertaken, particularly in the

area of infrastructure. The real estate sector,

with its numerous development companies,

continues to consolidate with an increasing

number of long-term sustainable building

projects on the horizon.

In this charged situation, Drees & Sommer

is acting as the owner representative for

Marriott International, providing technical

know-how for various projects in the United

Arab Emirates and Saudi Arabia.

For Bayer, the experts in the Middle East

are responsible for the construction of a

new office and production building to meet

Bay er’s special quality standards.

Bayer – BaySystems Pearl, Dubai

In the UAE and Saudi Arabia, various technical

due diligence projects were undertaken

for Arcapita Bank to ensure a sound basis for

key investment decisions, particularly in

difficult economic times. Drees & Sommer

also provided comprehensive and competent

support to Arcapita Bank in the se lec-

tion of suitable properties.

Sustainability and energy efficiency were

focal points of the German Business Park

project in Dubai for which the team undertook

LEED certification as well as providing

project management services to ensure

adherence to budget and schedule.

Your contact

Dipl.-Ing. Rainer Preisshofen

Projects in 2009 – a selection

· Arcapita Bank, Bahrain

· Bayer – BaySystems Pearl, Dubai

· DSOA Shopping Mall, Dubai

· German School, Dubai

· German Business Park, Dubai

· Marriott Hotels, Central Market Development,

Abu Dhabi

· Marriott Renaissance Hotel, Dubai Motor City

· Silver Star – German Business Tower, Dubai

· V… Greece on The World, Dubai

Austria

Vienna

Successful realization of sustainable buildings

summarizes Austria’s achievements in 2009.

The groundbreaking ceremony for the Vienna

University of Economics & Business Administration

– one of the largest university

construction projects in Europe – took place

in October 2009. Over the coming years,

five building complexes will be constructed

on the site between the Prater and the Vienna

exhibition center to accommodate some

25,000 students and 15,000 employees

from winter semester 2013/14. Based on an

innovative concept, the new University of

Economics & Business Administration will

bring together Green Building ideas and

visions, making the campus a showcase for

ecological and economic sustainability.

Vienna University of Economics

24

Following renovations and remodeling, the

Gerngross department store will become

the largest in Vienna. The building – which

dates back to the 1960s – will accommodate

shopping arcades, service facilities,

and food and beverage outlets on six levels.

In particular, the fact that renovation work is

to be undertaken with the department store

still in full operation requires Drees & Sommer

management expertise and experience.

Österreich-Haus (Austria House) – the only

national building built for the winter Olympics

2010 in Vancouver – has been awarded

a preliminary Silver DGNB certificate

following certification by Drees & Sommer,

one of the founding members of the Austrian

Society for Sustainable Real Estate.

Once the initial shock of the financial and

economic crisis had been overcome, the

transaction market regained momentum

from mid-year. From this time, Drees & Som -

mer supported numerous institutional investors

with their transactions by providing

technical due diligence services.

Despite the difficult market environment,

the Aus tri an subsidiary was able to continue

its growth path in 2009. The pioneering

role in the area of sustainability will be used

to further expand services in this area in

2010. The Vienna office is also to become a

hub for Eastern European Drees & Sommer

subsidiaries.

Your contacts (from left)

Dipl.-Ing. Ralph Scheer (Partner)

Dipl.-Ing. (FH) Manfred Drescher

Projects in 2009 – a selection

· Archeological Park, Carnuntum

· Austrian Olympia-Haus, Vancouver

· Cargo Center Graz

· Eurostop Truck Store, Wels

· Gerngross City Center, Vienna

· Hotel Lindner am Belvedere, Vienna

· Jungheinrich Austria, Vienna

· Marximum, Vienna

· Müller business premises, Vienna

· Preuschen Villa Aigen, Abfalterhof, Salzburg

· Reading Competence Center, Klosterneuburg

· Vienna University of Economics & Business

Administration, Vienna

Poland

Warsaw

With expertise and local know-how, Drees & Sommer

is ideally positioned for the Polish market.

The economic turbulence at the end of

2008 and throughout 2009 has resulted

in a radical shift in investor attitudes in

Poland. Currently, no clear forecast can be

made regarding the medium-term impact of

this change on the real estate market.

Although Poland has not been spared the

real estate crisis, the country has fared better

than other Eastern European countries,

and will probably see a slight upswing over

the next few quarters. Drees & Sommer

is taking this into account in its strategic

alignment, positioning itself to participate

with clients in the uptrend that is expected

Hotel andel’s, Kraków

to follow the current stagnation. In recent

years, the experts have worked from temporary

project offices primarily managing

projects for German investors. Here the

emphasis was on technical due diligence,

building valuation, and control of tenant

fitout. Drees & Sommer Poland has now

reorganized and will, in future, manage

projects nationwide in the core areas of

Project Management, Real Estate Consulting,

and Engineering.

The rollout of increasingly popular areas of

expertise such as technical financial controlling

and facility management consulting

is a response to a trend to greater sustainability

on the Polish real estate market.

Drees & Sommer also consults clients in the

area of Green Building, and is promoting

the implementation of international standards

through founding membership of the

Polish Green Building Council (PLGBC).

With its professional team of multilingual

employees and an appropriate mix of expertise

and local know-how, Drees & Sommer

is ideally equipped to successfully service

clients in Poland. As general manager, the

team supports projects for the public sec -

tor, office, residential buildings, and investment

projects.

Your contacts (from left)

Dipl.-Ing. (FH) Architektin Renate Kremer

Dipl.-Ing. Oliver Beck

Dipl.-Ing., Dipl.-Wirtsch.-Ing., MScArch Grzegorz Pieluzek

Projects in 2009 – a selection

· Andersia Tower, Poznań

· Bema Plaza, Wroclaw

· Centrum Handlowe 3 Stawy, Kattowice

· Grzybowska Park, Warsaw

· Hotel andel’s, Kraków

· Hotel Radisson SAS, Kraków

Romania

Bucharest

Drees & Sommer Romania successful despite

a declining property market.

In the Romanian construction industry,

Drees & Sommer has a reputation for guaranteeing

high-quality projects. Expertise

and long-term experience were particularly

in demand in the areas of project management

and technical finance controlling.

In the retail sector, the company has

supported local clients with construction

projects in Bucharest. The experts were

commissioned to provide project management

services for the Dragonul Rosu, Mall

Crangasi and Piata Crangasi projects.

At the end of 2009, Nordsee opened a new

restaurant in Bucharest. As a result of good

ongoing cooperation with Drees & Sommer,

the company was again commissioned

to undertake project management for the

restaurant opening.

Premium Point, Bucharest

26

The experts are also supporting textile

manufacturer ModaTim in Timisoara with

technical finance controlling. In the industrial

sector, the OMV Petrom oil and gas company

commissioned the Romanian team

to continue project management for the

dismantling of disused depots, continuing

a collaboration that began years ago.

In 2009, Drees & Sommer was also awarded

a contract for project management and

construction management for several Kaufland

supermarkets as part of the continued

expansion of the Lidl & Schwarz group,

which has now been ongoing for a number

of years.

In addition to services that have been

provided for many years including project

management, finance controlling for banks,

and technical due diligence, increasingly

clients are now requesting facility management

consulting. A first contract in collaboration

with German facility management

colleagues has been successfully completed

for the client Impact SA.

In future, Drees & Sommer Romania will

further expand the areas of facility management

consulting and infrastructure,

providing holistic service and sustainable

value-add to clients.

As a founding member and policy-maker,

Drees & Sommer Romania has been represented

in the Romanian Facility Management

Association (ROFMA) since mid 2009.

Your contacts (from left)

Dipl.-Ing. (FH) Architektin Renate Kremer

Dipl.-Ing. (FH) Marc Porath

Dipl.-Ing. Anton Marius Stroe

Projects in 2009 – a selection

· Bastion, Timisoara

· Central Residential Park, Bucharest

· City Business Centre III, Timisoara

· Dragonul Rosu, Bucharest

· Grand Hotel du Boulevard, Bucharest

· Greenfield Business Center, Bucharest

· Kaufland supermarkets, Romania-wide

· Mall Crangasi, Bucharest

· Nordsee America House, Bucharest

· OMV Petrom oil depots, Romania-wide

· Piata Crangasi, Bucharest

· Premium Point, Bucharest

Russia and CIS states, Ukraine

Moscow, St. Petersburg, Kiev

Reliable support for construction and real estate

projects through continual on-site presence.

Even in times of the worldwide financial cri-

sis, Drees & Sommer provides reliable support

to customers implementing projects

in Russia, the Ukraine, and the CIS states.

The experts meet the requirements of the

construction and real estate industries in

terms of economy, internationalism, and

sustainability.

As a trendsetter, Drees & Sommer keenly

supports the introduction of sustainable

building solutions such as Green Building

into the market. Energy savings of up to 70

percent and cost savings of up to 25 percent

cost can be demonstrated for local projects.

In addition to the internationally established

range of services, the experts also

offer a full range of local services to provide

comprehensive support of projects with a

minimum number of interfaces.

Imeretinskaya Valley in Sochi with Olympic buildings

Support for the Sochi Winter Olympics 2014

is a strategic project for Drees & Sommer in

the medium term, with the company contributing

to extensive economic, ecological

and functional optimization.

Drees & Sommer has taken nationwide

responsibility for rebranding of Sberbank

Russia and for the realization of Marriott

hotels. From Moscow to Irkutsk, the team

supports up to 20 projects simultaneously

to ensure optimum completion in terms of

cost, quality and schedule.

Long-term customers such as Daimler,

Deutsche Bank, Metro and Kan Am continue

to be provided with reliable support in the

implementation of their projects – wherever

they are.

Your contacts (from left)

Dipl.-Ing. Architekt Steffen Sendler (Partner)

Dipl.-Ing. Bau Tim Comaia

Dipl.-Ing. Architektur Dimitry Pavlotsky

Projects in 2009 – a selection

· Academic Hospital, St. Petersburg

· CityDel office complex, Moscow

· Elite Apartments, Moscow

· Energy efficiency standards, Sochi 2014

· JSK residential complex, Kaliningrad

· Logistics Park Pushkino, Moscow region

· Marriott Courtyard, Irkutsk

· Marriott Courtyard, Kazan

· Marriott Courtyard, St. Petersburg

· Mercedes-Benz After Sales Center, Moscow

· Metro Logistics Complex Noginsk, Moscow region

· Moscow Medical Center, Moscow

· Moscow Raceway, Moscow region

· Mosto Bud, Kiev

· Sberbank rebranding, throughout Russia

· Sochi 2014 Olympics, Sochi

· Symphonia Business Center, Kiev

· Vivaldi Plaza office complex, Moscow

· Volgograd City Business Center, Volgograd

Switzerland

Zurich, Basel

Demanding projects are being implemented in

Switzerland using Drees & Sommer expertise.

Last year, Drees & Sommer supported local

customers, Swiss clients in the international

market and foreign clients with inves t -

ment activities in Switzerland.

Current Swiss projects include the new

high-rise for Hoffmann-La Roche in Basel.

Here, Drees & Sommer is responsible for

general construction management, which

entails project management, risk & quality

management, as well as various engineer-

ing services. The tallest high-rise in Switzerland

also does justice to the growing trend

toward workflow-related office organization,

with offices meeting above-average

standards.

Construction of Roche high-rise, Basel

28

In Burgdorf, Drees & Sommer is providing

controlling services for a cantonal administrative

center that is being realized as a

Public Private Partnership project.

The general upgrade of a commercial property

being managed by the Swiss team

involves the refurbishment of retail and

office space, the optimization of indoor

parking, and renovation of the facades.

Individual contract awards are being used

for the entire project.

The Swiss property market continues to

be characterized by a high level of stability.

The level of activity and orders on hand

were also maintained in the construction

sector.

Throughout Switzerland, planned construction

projects are demonstrating a renaissance

of high-rise culture. As the complexity

of high-rise buildings has increased

enormously, demands on project execution

have also increased. With numerous international

projects realized, Drees & Sommer

is well positioned to provide consulting with

the appropriate competence.

Current trends are particularly in the areas

of sustainability, Public Private Partnership,

and optimization of established buildings.

Your contacts (from left)

Dipl.-Ing. Architekt Steffen Szeidl

Dipl.-Ing. (FH) Bernhard Unseld (Partner)

Projects in 2009 – a selection

· Alstom, site location strategy, Baden

· B. Braun Melsungen AG, production buildings,

Crissier

· Breitenrain building refurbishment, Bern

· New Roche high-rise, Basel

· PPP administrative center, Burgdorf

Spain

Barcelona, Madrid

Drees & Sommer supports clients by providing regional

knowledge and international expertise.

Clients appreciate being able to execute

their projects across national borders with

a tried and trusted partner. This applies

both to Spanish clients with German projects

and vice versa.

In 2009, the Spanish team continued work

on significant construction projects awarded

back in 2008. For example, Drees & Sommer

is responsible for project management of

the B. Braun Medical S.A. pharmaceutical

production plant expansion in Rubí. The

special focus here is on schedule control.

The experts are undertaking coordination

of planners and have formed an international

planning consortium with the Swiss

architectural firm Herzog & de Meuron for

the construction of the new headquarters

of BBVA (Banco Bilbao Vizcaya Argentaria)

in Madrid.

Las Arenas, Barcelona

Further projects were acquired in Spain

and Portugal in 2009: The Spanish team is

undertaking controlling, monitoring and site

supervision for the projects Espácio Mediteráneo,

Torres Novas and Hotel La Canaria.

In Barcelona, a former bull-fighting arena

is being converted into a shopping center.

Here, Drees & Sommer is undertaking

technical finance controlling of the 105,000

square meter Las Arenas pro ject on the half

of the principal.

The team is also supporting the Spanish

investor group Inveravante with market

studies, and providing finance controlling

services for investors Aareal and Deka. Ex -

perts anticipate a slight improvement in

the situation on the real estate market over

coming months. Drees & Sommer sees

opportunities in infrastructure construction

and Green Building for 2010.

Your contacts (from left)

Dipl.-Ing. Architektur Beatrice Vico Westhoff

Dipl.-Ing. Architekt Kilian Geadah

Projects in 2009 – a selection

· Aareal Estate AG, Las Arenas, Barcelona

· B. Braun Medical SA, Rubí

· Castle Hotel Pötenitz, Germany

· Espácio Mediterráneo, Cartagena

· Hotel Jumeirah Port Soller, Mallorca

· Hotel La Canaria, Gran Canaria

· Nueva Sede BBVA, Madrid

· Torres Shopping Center, Torres Novas, Portugal

Czech Republic

Prague

The property market in the Czech Republic remained

stable in 2009.

A large number of properties have changed

hands and many new office buildings have

been built. In particular, the city of Prague is

very popular with investors and developers.

The sale of the Gemini office complex was

the largest property transaction in Prague

in 2009. Drees & Sommer supported Deka

Immobilien Investment GmbH by providing

technical due diligence services, giving the

investor a sound basis for the purchase

decision.

The experts supported Jungheinrich AG,

Hamburg with the conception, planning and

construction of a new plant in Olomouc.

To provide the region with Jungheinrich ser -

vice, the existing Prague site was supplemented

by a further building with offices,

workshop and warehouse. Drees & Sommer

started developing the concept for Jung-

Gemini, Prague

30

heinrich in 2007. Thanks to involvement in

the project from the very beginning, the pro -

ximity to Jungheinrich AG in Hamburg, and

to professional support on site, an optimum

outcome was achieved. The project constellation

ensured smooth communication

between all parties involved as well as

as suring quality on the building site. The

building was completed mid 2009.

In 2010, Drees & Sommer continues to support

clients – primarily international – with

the construction, sale or purchase of office,

retail and production buildings. In addition

to conventional project management, there

is continued strong demand for general con -

struction management.

Your contact

Dipl.-Ing. Ralph Scheer (Partner)

Projects in 2009 – a selection

· Andel Park, Prague

· Gemini, Prague

· Jungheinrich Czech Republic, Olomouc

· Palladium, Prague

· Site development, Favorit Castle,

Karlovy Vary (Carlsbad)

· Site development Prague-Ruzyne

Turkey

Istanbul

Drees & Sommer is making good headway in Turkey.

The team is managing numerous new projects.

Drees & Sommer attaches special importance

to quality assurance in Turkey.

Constant dialogue with planners and construction

companies is essential to ensure

understanding of quality requirements.

Bilingual staff are used on building sites

to ensure communication between the two

cultures.

Another market is the implementation of

cost-efficient synergy of architecture, function,

ecology and comfort. Green Building

Labels are the real estate certificate of the

future, as demonstrated by the team being

commissioned to carry out BREEAM certification

of the Forum Kayseri shopping

center. In addition to the existing contract

for project monitoring, the experts are now

also undertaking quality assurance. The experts

support the development of architectural

solutions and the achievement of

Forum Kayseri shopping center, Kayseri

contract and project goals. A further major

success was the on-schedule opening of the

Istanbul 212 shopping center. Drees & Som-

mer was commissioned by Aareal Bank to

undertake project management and handover

management. In order to ensure timely

project handover, the team set up a task

force on site. The Center Nilpark with Media

Markt in Bursa was also handed over on

schedule.

Drees & Sommer received a contract from

Ziraat Bank for the project management

for all phases of the construction of a new

finance center. International project experience

was decisive for this award. Ziraat

Bank is investing US$ 250 million in its

headquarters building.

Your contact

Dipl.-Ing. (FH) Hans-Peter Holler (Partner)

Projects in 2009 – a selection

· District development Balat, Istanbul

· ECE Shopping Center Espark, Eskisehir

· ECE Shopping Center Marmarapark, Istanbul

· Emaar New Development Project, Istanbul

· EnBW, Ankara

· Forum Kayseri Shopping Center, Kayseri

· Forum Mersin Shopping Center, Mersin

· Istanbul 212 Edip Center, Istanbul

· Media Markt Beylikdüzü, Istanbul

· Nilpark Bursa, Bursa

· Ziraat Bank new headquarters, Istanbul

Hungary

Budapest

Despite difficult times, major new projects in

Hungary bode well for the future.

The economic challenges in Hungary have

not failed to leave their mark on the real

estate industry. 2009 saw a significant

reduction in construction projects and real

estate transactions.

For Drees & Sommer, this made it all the

more pleasing that Daimler is building a

com plete auto factory for the production of

Mercedes-Benz A and B class in Kecskemét

and has commissioned the experts with

con trol of this project. Working to a tight

schedule – the first car is to roll off the pro -

duction line at the beginning of 2012 – a

pressing plant, weld shop, paintshop, as -

sembly halls and central administration

building are to be built on one site, with a

supplier park nearby.

Throughout construction, the project controllers

have to continually take the latest

Mercedes-Benz plant, Kecskemét

32

auto development and production requirements

into account and reflect these in

planning. The bilingual Hungarian-German

project being undertaken in cooperation

with the Austrian colleagues ensures

smooth communication on-site.

The establishment of the Mercedes-Benz

plant in Kecskemét will give the region’s

real estate industry a boost. It is expected

that suppliers will also establish there in

2010, generating great demand for residential

properties.

Hungary has also rethought the idea of

sustainable buildings. Drees & Sommer

has undertaken LEED Green Building Quick

Checks for IVG-Development Hungary to

assess the sustainability of buildings. This

trend will continue in 2010.

Your contacts (from left)

Dipl.-Ing. Ralph Scheer (Partner)

Dipl.-Ing. Thomas Jaißle (Partner)

Projects in 2009 – a selection

· Jabi One, Budapest

· LEED Quick Checks, IVG-Development Hungary

· Mercedes-Benz plant, Kecskemét

· Tulipan Park, Budapest

Vietnam

Hanoi

Drees & Sommer is your partner of choice in Vietnam

for hotel construction and holiday resorts.

Binh Tien Tourist and Investment JSC is

planning a five-star hotel resort at Cam

Ranh Bay. Drees & Sommer has been commissioned

to provide all project management

services – including site supervision –

for the first stage of the project with a planned

investment volume of US $100 million.

Drees & Sommer Vietnam is executing the

project with a mixed team of international

experts. The principal specifically required

a German company with extensive project

management expertise and international

experience. Binh Tien Tourist and Investment

JSC is a subsidiary of Hanoi Building

Commercial Joint Stock Bank (Habubank),

in which Deutsche Bank currently has a 10

percent holding.

Four resort hotels with a total of 865 rooms

will be built in stages on a 260-hectare site.

Intercontinental Beach Resort Binh Tien

The first stage involves a hotel with 220

rooms, 30 bungalows, and a golf course, as

well as associated infrastructure. The gross

floor area is some 50,000 square meters,

with construction scheduled to be completed

in 2012.

A resort with an investment volume of sev -

eral billion US dollars will be built on a

3200-hectare site on Phu Quoc island. The

project will set new standards in ecological

responsibility. Drees & Sommer Vietnam is

collaborating with partners to provide consulting

services, coordinate with provincial

and national governments, and draw up the

documents required for project approval.

Your contact

Dipl.-Ing. (FH) Hans-Peter Holler (Partner)

Projects in 2009 – a selection

· Bao LOC Golf Resort, Lam Dong Province

· B. Braun Pharmaceutical Factory, Hanoi

· Intercontinental Beach Resort Binh Tien

· Tourist & Leisure Resort, Phu Quoc Island

02 Expert teams

Special tasks require special expertise. Regardless of whether you need

vigorous support with the development of new or disused sites or want to

optimize your processes in production, logistics or construction – our experts

are always your partners of choice. With years of experience and profound

expertise, they ensure you get the optimum solution for your project.

Expert team

Advanced Building Technologies

The German leader in FM consulting and Green

Building is becoming increasingly international.

In addition to the established facility

management consulting services, there is

increasing demand for life-cycle cost consulting.

The conventional division of roles

between asset, property and facility management

(FM) is undergoing change, which

is also resulting in a shift in the interfaces

between these services.

In 2009, Drees & Sommer Advanced Building

Technologies supported numerous cli -

ents with sensitive FM outsourcing decisions

and with the building operator’s startup

phase. An increasing number of industrial

clients are seeking advice on operational

management and operating costs. Increasingly,

property funds are looking for the

combination of engineering and real estate

expertise provided by technical asset management

both for their portfolios and for

individual properties.

New Mosque „Djamaâ el Djazaïr“, Algiers

36

Green Building and energy-efficient construction

are firmly established themes.

Here, too, Drees & Sommer is a market

lea der – not only in certification, but above

all in con ception, planning, construction,

commissioning, and online monitoring during

building operation. There is increasing

demand both in Germany and throughout

Europe for the company‘s holistic competence

and its state-of-the-art simulation

tools. In addition to innovative energy

concepts, material-efficient and ecologi-

cally sound system solutions are gaining

in importance.

Engineering experts are still focused on ge -

neral technology planning – as undertaken

for the Spiegel building and other new

buildings with Green Building certification

and the Hafen-City Gold Label. The mosque

in Algiers with its 260-meter minaret – the

highest in the world – is an iconic project

for facade technology. Another unique pro -

ject is the glass double-skin shell being

used in the revitalization of a heritageprotected

coal-mine winding tower.

Technical & economic construction consulting

is subdivided into demand-focused

services. Clients benefit from improvements

and cost savings across all trades. Technical

& economic construction consulting

service offerings are being upgraded at all

regional offices.

Your contacts (from left)

Dipl.-Ing. (FH) Peter Tzeschlock (Partner)

Prof. Dr.-Ing. Michael Bauer (Partner)

Dipl.-Ing. (FH) Thomas Häusser

Dipl.-Ing. (FH) Thomas Hofbauer (Partner)

Dipl.-Ing. (FH) Architekt Martin Lutz (Partner)

Dr.-Ing. Peter Mösle

Projects in 2009 – a selection

· Audi, Ingolstadt

· BMW, Munich

· Commerzbank, Frankfurt

· Deka Immobilien Investment, Frankfurt

· Deutsche Bank, Frankfurt

· Elbe Philharmonic, Hamburg

· Ericusspitze, Spiegel-Verlag, Hamburg

· European Central Bank, Frankfurt

· European Court of Auditors, Luxembourg

· European Southern Observatory ESO, Garching

· Fraport A-Plus, Frankfurt

· Grand Mosque, Algiers

· Haus der Geschichte (House of History), Bonn

· HDI, Hannover

· Hoffmann-La Roche, Basel

· HypoVereinsbank, Munich (UniCredit Group)

· International Coffee Plaza, Hamburg

· Landesbank Baden-Württemberg, Stuttgart

· Landtag NRW (state parliament), Düsseldorf

· Lidl, Neckarsulm

· Meag Munich Ergo, Munich

· Nordstern mine, Gelsenkirchen

· Nordzucker, Braunschweig

· Peek & Cloppenburg, Vienna

· Pfizer, Berlin

· Q.Cells, Bitterfeld-Wolfen

· Rheinhallen/Rheinpark, Cologne

· Schaeffler, Herzogenaurach

· SEB, Frankfurt, Cologne, Rome, Netherlands

· The Seven, Munich

· Trade Fair Tower, Frankfurt

· Vienna University of Economics

· Vodafone, Düsseldorf

Expert team

Process Consulting

Drees & Sommer Process Consulting optimizes production,

logistics and construction-related workflows.

Activities in the area of process consulting

underwent further significant expansion

in 2009. Here the focus was primarily on

optimization services in two areas: production

& logistics processes, and construction-related

workflow.

The optimization of site logistics for the client

Hofmann-La Roche in Basel was one of

the larger logistics projects of the year. The

goal of this project was to analyze all material,

goods and traffic flows and to develop

integrated target processes. Standardized

process numbers make logistics sequences

manageable.

Following the success of the project in

Basel, the team was commissioned to undertake

process consulting involving the

analysis and optimization of another of the

client’s sites in Switzerland.

Planning efficient production processes

For the general refurbishment of the Schlangenbader

Straße residential development in

Berlin, the experts collaborated with Berlin

colleagues on a concept for the introduction

of Lean Construction Management (LCM).

The application of LCM allowed significant

acceleration of construction processes, thus

reducing the time required. Based on LCM

planning, logistics can be directed precisely,

with trucks being guided directly to the

appropriate installation point.

Drees & Sommer Process Consulting will

further promote this development in 2010.

The main focus will be on continuing the

expansion of the newly created ‚Processes

in health care’ service.

Your contacts (from left)

Dipl.-Ing. (FH) Bau, MBA Patrick Theis

Dipl.-Betriebswirt Harald Wolf

Projects in 2009 – a selection

· Fraport, Frankfurt

· MeyleMüller, Pforzheim

· New Roche high-rise, Basel

· Projektbau Stuba, Heidenheim

· Schlangenbader Straße. (Schlange),

degewo, Berlin

· Site logistics, Roche, Basel

Expert team

Infra Consult

2009 was a year of major projects for Drees & Sommer

infrastructure experts.

Many long-running projects were continued

and key milestones reached. The decision

to proceed to implementation of the Stuttgart

21 Project was prepared, resulting in

positive responses from the German Rail

Supervisory Board and the Steering Committee.

For the Lake PHOENIX project – which in -

volves the transformation of a former Dort-

mund steel plant site into a leisure, residential

and commercial district – landscaping

was completed to a stage where the

Emscher river was exposed and could be

redirected into a new riverbed. The former

Emscher canal can now be demolished and

landscaping of the lake completed.

The experts completed the restructuring of

aviation operations areas and the upgrade

of the runway for Baden-Airpark without

Stuttgart 21

38

significant impact on airport operations.

Following planning and approval, implementation

of a further section of the Saar

railway in Saarbrücken has begun. In Munich,

work on the new tram line number 23

was completed, and the line was successfully

commissioned.

Drees & Sommer is providing multiproject

management for the realization of garden

festivals – for the Federal Garden Festival

in Koblenz and the Bavarian State Garden

Festival in Bamberg. Both projects have a

special focus on associated infrastructure

measures as well as on the actual garden

festival grounds.

In cooperation with the construction in dus-

try and renowned institutes, Drees & Sommer

is analyzing the automation of building

sites in a research project for the German

Federal Ministry of Research & Technology

(BMFT). A decisive factor for this project is

communication between the individual devices

and subsystems. Processes are controlled

automatically from a control center.

New services such as flood protection,

renewable energy, and power-station and

harbor construction are to be developed in

2010. This will position the expert team as

providers of holistic consulting and project

management services for all aspects of

infrastructure projects.

Your contacts (from left)

Dr.-Ing. Jürgen Laukemper (Partner)

Dipl.-Geograf Martin Altmann

Dipl.-Ing. (FH) Claus Bürkle

Dipl.-Ing. Bau Stefan Heselschwerdt (Partner)

Dipl.-Ing., Immobilienökonom (ebs) Wolfgang Lindner

Dipl.-Ing. Christopher Vagn Philipsen

Projects in 2009 – a selection

· Above-ground passenger transport system north,

upgrade of fire prevention systems, Hamburg

· Airport expansion, Baden-Airpark

· Airport urban rapid transit, Hamburg

· Augsburg-Boulevard

· AutoBauLog, German Ministry of Research &

Technology (BMFT) research project

· BBI Business Park, Berlin

· Berlin Air Show (ILA) 2010, Berlin

· Bus station, Bergedorf, Hamburg

· Competition management, Aurachtal Bridge,

Emskirchen

· Federal Garden Festival, Koblenz 2011

· Full renovation, Rohrbacher Straße, Heidelberg

· GSI FAIR project, Darmstadt

· Infrastructure Belval-Ouest, Luxembourg

· Join sewage disposal system, Oberes Filstal,

Deggingen

· Lake PHOENIX, Dortmund

· Mobility hub, Augsburg

· New hydroelectric power station, Kempten

· New tram line 23, Munich

· Reconfiguration of Neufahrn motorway

interchange

· Redesign of Mühlstraße, Tübingen

· Saar railways, continuation of construction,

Saarbrücken

· Sewer rehabilitation, Hamburg Cemeteries

· State Garden Festival, Bamberg 2012

· Stuttgart 21

· Sylvenstein reservoir, upgrade of dam, Bad Tölz

· Upgrade of East-West link, Dortmund light rail

Expert team

Development Management

Established competence and new services make

Drees & Sommer a sought-after partner in 2009.

Some 13 national and international projects

were successfully completed as the result of

committed staff and specialist expertise.

Projects undertaken by the development

management specialists included starting

and managing numerous district site deve-

lop ments for well-known clients. These

included major international projects in

Europe and China.

A major project with public appeal was the

collaboration with architects to plan 200

building sites for the Lake PHOENIX architectural

fair. In Aalen, Drees & Sommer collaborated

with the city to develop a positive

subsidy submission for the EU’s landmark

EULE project. The international competition

for urban development was completed in

Klaipeda, Lithuania.

Bedburger Höfe urban development

The management of several redevelopments

in Bavaria – commissioned by the Federal

Office for Real Estate Management – resulted

in extremely positive outcomes. The

experts also supported various selec tion

processes for positioning of de velop ments

in the investor market. In the promising

field of sustainable urban and district development,

several districts were audited

for sustainability in collaboration with the

German Sustainable Building Council (DGNB)

as part of a new Green City Development

service.

The sale of Salem Castle was completed as

part of a development management project

for the historical estate. Drees & Sommer

is coordinating preparations for building

approval and for marketing of the Schloss

Beberbeck resort project.

Your contacts (from left)

Dipl.-Ing., MBA, Architekt & Stadtplaner

Roland Huber (Partner)

Dipl.-Geograf Martin Altmann

Projects in 2009 – a selection

· Airport redevelopment, Giebelstadt

· Airport redevelopment, Memmingen

· EU landmark project (EULE), Aalen

· HafenCity urban development competition,

Klaipeda, Lithuania

· Investor selection process ‘Alter Bahnhof’,

Taunusstein

· Lake PHOENIX architectural trade fair, Dortmund

· Local services center, Perlacher Forst, Munich

· Rehabilitation and redevelopment,

Röntgenstraße, Langen

· Schloss Beberbeck Resort, Hofgeismar

· Site development Am Hagen, Hattingen

· Site development Gablenberger Hauptstraße,

Stuttgart

· Site development Herzo Base, Herzogenaurach

· Site development Petange, Luxembourg

· Site development Pfingstweide, Ludwigshafen

· Site development Rosenberggemeindehaus,

Stuttgart

· Site development Schloss Lehrensteinsfeld

· Site development Travis Park II, Aschaffenburg

· Sustainability analysis, EnBW Stöckach site,

Stuttgart

· Sustainability analysis, Neckarpark, Stuttgart

· St. Barbara estate, Darmstadt

· SV site, Wiesbaden-Dotzheim

· Urban development Bedburger Höfe, Bedburg

· Urban expansion east of railway station, Aalen

03 Balance sheet

The Annual Financial Statement shows the total sales and operating

results for the Drees & Sommer Group to December 31, 2009. The annual

financial statements of the legally independent subsidiaries have been

added, and internal transactions between the companies have been ex-

cluded. Drees & Sommer AG controls the legally independent operational

subsidiaries. As a result, the balance sheet of the AG essentially indicates

shareholdings in the subsidiaries.

Annual Financial Statement for Drees & Sommer Group

as at December 31, 2009

Profit & Loss Statement

In view of the economic conditions, the

Drees & Sommer Group bucked the trend to

deliver a good result in 2009. The 1,120 employees

achieved sales of € 145.6 million

(prior year € 136.9 million), whereby growth

is largely attributable to final invoicing. The

broad international footing again proved

successful this year. As in the prior year, domestic

sales accounted for 78 percent of the

sales increase of 6.3 percent, with international

sales accounting for 22 percent.

The distribution of sales to several core

competencies also continues to be a

strength of the Group: At 76 percent, the

traditional core business of Project Man-

agement continues to contribute the lion’s

share. At the same time, Engineering (15 per-

cent) and Real Estate Consulting (9 percent)

made important contributions to overall

sales.

In the year under report, Expenses rose by

€ 8.4 million to € 133.2 million (prior year

€ 124.8 million). The Financial result is

neutral, compared to € 0.3 million in the

42

prior year. Overall, the Result from ordinary

activities rose from € 12.3 million in the

prior year to € 12.4 million. As the result of

the slightly lower tax burden of € 4.9 million

(prior year € 5.0 million), Net income rose

to € 7.5 million (prior year € 7.3 million). Together

with Profit brought forward, Transfers

to Reserves for own shares and Profit owing

to external shareholders, this results in a

Group balance sheet profit of € 11.5 million.

Balance sheet

The transfer of the balance sheet profit

of € 11.5 million to Equity – together with

Subscribed capital, Capital reserves and

Revenue reserves – results in Equity of

€ 30.6 million

Borrowed capital fell from € 74.2 million to

€ 73.4 million. This decreased Accruals by

€ 0.4 million to € 25.9 million and Liabilities

from € 47.9 million to € 47.5 million.

Overall, the Balance sheet total for 2009 is

€ 104.0 million (prior year € 105.0 million).

The Equity ratio is 51 percent compared to

41 percent in the prior year.

Key figures for the Drees & Sommer Group

150

140

130

120

110

100

90

80

70

60

50

40

30

20

10

2006 2007 2008 2009

Group sales: € 145.6 million

Final invoicing effect

Earnings before tax: € 12.4 million

Employees: 1.120

21

19.5

18

16.5

15

13.5

12

10.5

9

7.5

6

4.5

3

1.5

Assets (in Euro)

A Fixed assets

I. Intangible assets

1. EDP software, licenses 722,682

2. Customer base, goodwill 319,748

3. Goodwill from capital consolidation

II. Tangible assets

5,254,251 6,296,680

1. Other assets, operating equipment, fixtures and fittings

III. Financial assets

4,202,042

1. Shareholdings 2,052,211

2. Other securities lending

B Current assets

I. Inventories

11,359,215 13,411,426

1. Work in progress 83,310,583

· / · Advances received

II. Receivables and other assets

83,310,583 0

1. Trade receivables 19,145,540

2. Receivables from shareholdings 725,208

3. Other assets

III. Securities

28,663,600 48,534,348

1. Own shares 3,252,185

2. Other securities 521,262 3,773,447

IV. Checks, cash on hand, cash in banks 26,106,857

C Prepaid expenses (other) 294,183

D Prepaid taxes 1,457,000

Balance sheet total 104,075,985

Passiva (in Euro)

A Equity

I. Subscribed capital 6,074,336

II. Capital reserves 9,860,204

III. Revenue reserves a3,350,289

IV. Net income 11,515,926

V. Change in equity due to exchange rate difference -197,181

VI. Minority interests -5,677 30,597,897

B Accruals

1. Accruals for pensions 4,371,595

2. Provisions for taxation 4,607,124

3. Other accruals 16,981,044 25,959,762

C Liabilities

1. Payments received on account of orders 32,005,238

2. Trade payables 7,704,655

3. Liabilities to shareholdings 19,924

4. Other liabilities 7,280,844 47,010,661

D Deferred income (other) 507,665

Balance sheet total 104,075,985

Consolidated profit & loss statement 2009 (Group) (in Euro)

1. Sales 137,024,946

2. Change in work in progress 2,893,480

3. Other operating income 5,684,776 145.603.201

4. Expenditure for purchased services 33,092,291

5. Personnel expenses 68,277,258

a) Wages & salaries 61,058,924

b) Social security costs and pension fund 7,218,334

6. Depreciation 3,002,712

7. Other operating expenses 28,814,697 133,186,958

8. Income from shareholdings -363,486

9. Income from other securities and from long-term loans 1,027,461

10. Depreciation of financial assets and investments classified as current assets 61,934

11. Interest and similar expenses 601,555 486

12. Result from ordinary activities 12,416,729

13. Taxes on income and earnings 4,755,744

14. Other taxes 110,073 4,865,817

15. Net income 7,550,913

16. Profit owing to external shareholders (Regional General Managers) 4,253

17. Profit brought forward 3,959,409

18. Transfers to Reserves for own shares 1,351

19. Balance sheet profit 11,515,926

Annual Financial Statement for Drees & Sommer Aktiengesellschaft

as at December 31, 2009

Profit & Loss Statement

In fiscal 2009, Drees & Sommer AG focused

entirely on its function as a holding company

for the legally independent Drees & Som-

mer subsidiaries and on control and service

functions for the group. The increase in

overall sales from prior year € 7.5 million

to € 10.2 million in 2009 is attributable to

invoicing to subsidiaries and other one-off

effects that are reported as Other operating

income.

The subsidiaries’ profits of are transferred

as Income from profit transfers and Income

from shareholdings totaling € 21.6 million.

Taking Interest € 0.5 million (prior year

-€ 0.4 million) into account, this results in

a Financial result of € 21.1 million (prior

year € 22.2 million).

As the result of growth, Expenditures

increased by € 2.3 million to € 20.7 million

in 2009 (prior year € 18.4 million). For the

Holding, the Result from ordinary activities

totaled € 11.5 million, and was plus up

€ 0.2 million on the prior year. After deduc-

44

tion of taxes, net income of € 8.5 million

remains (prior year € 8.5 million). Together

with Profit brought forward and Reserves for

own shares, the Holding was able to increase

its balance sheet profit to € 18.3 million

(prior year € 17.3 million).

Balance sheet

The transfer of the balance sheet profit

of € 18.3 million to Equity – together with

Subscribed capital of € 6.1 million, Capital

reserves and Statutory reserves of € 10.5

million and Reserves for own shares of

€ 3.3 million – results in Equity totaling

€ 38.2 million. This represents an increase

of € 1.0 million over the prior year.

As a result of a higher tax burden, Accruals

rose from € 7.8 million in the prior year to

€ 8.3 million. Liabilities decreased from

€ 33.7 million to € 31.0 million. This is largely

attributable to a reduction in liabilities to

subsidiaries.

As part of the cash pooling arrangement,

€ 24.2 million (prior year € 29.1 million)

was transferred from the subsidiaries to

Drees & Sommer AG and invested, primarily

in the Euro market. As a result, Borrowed

capital has decreased from € 41.5 million to

€ 39.3 million.

This resulted in the balance sheet total

decreasing from € 78.6 million in the prior

year to € 77.5 million. The Equity ratio rose

from 47.2 percent to 49.3 percent, while the

debt ratio decreased from 52.8 percent to

50.7 percent.

Assets (in Euro) Equity and liabilities (in Euro)

A Fixed assets

I. Intangible assets

1. EDP software, licenses 431,738

II. Tangible assets

1. Other assets, operating equipment, fixtures and fittings 1,623,478

III. Financial assets

1. Shareholdings in companies 19,612,788

2. Shareholdings 2,584,803

3. Other securities lending 9,889,424 32,087,015

B Current assets

I. Receivables and other assets

1. Trade receivables 167,896

2. Receivables from shareholdings 18,417,513

3. Other assets 3,169,978 21,755,387

II. Securities

1. Own shares 3,252,185

2. Other securities 344,419 3,596,604

III. Checks, cash on hand, cash in banks 17,997,478

C Prepaid expenses (other) 19,587

Balance sheet total 77,511,288

A Equity

I. Subscribed capital 6,074,336

II. Capital reserves 10,398,581

III. Revenue reserves 3,350,289

IV. Balance sheet profit 18,394,215 38,217,421

B Accruals

1. Accruals for pensions 2,682,099

2. Provisions for taxation 1,897,810

3. Other accruals 3,707,997 8,287,906

C Liabilities

1. Payments received on account of orders 8,492

2. Trade payables 290,523

3. Liabilities to shareholdings 27,847,316

4. Other liabilities 2,859,630 31,005,960

Balance sheet total 77,511,288

Profit & Loss Statement 2009 (AG) (in Euro)

1. Sales 5,668,762

2. Change in work in progress 49,160

3. Other operating income 4,451,901 10,169,823

4. Expenditure for purchased services 2,947,898

5. Personnel expenses 9,489,947

a) Wages and salaries 8,623,209

b) Social security costs and pension fund 866,738

6. Depreciation 819,028

7. Other operating expenses 7,474,334 20,731,207

8. Income from shareholdings 2,933,458

9. Income from profit transfers 18,741,636

10. Other interest and similar income 724,280

11. Write-downs of financial assets 142,417

12. Interest and similar expenses 189,408 22,067,550

13. Result from ordinary activities 11,506,166

14. Taxes on income and earnings 2,954,236

15. Other taxes 30,873 2,985,109

16. Net income 8,521,057

17. Profit brought forward 9,871,808

18. Transfers to Reserves for own shares -1,351

19. Balance sheet profit 18,394,216

Offices

Holding company

Drees & Sommer AG

Obere Waldplätze 13

70569 Stuttgart

Phone +49 711 1317-0

Fax +49 711 1317-100

info@dreso.com

www.dreso.com

German offices

Drees & Sommer Stuttgart

Obere Waldplätze 13

70569 Stuttgart

Phone +49 711 1317-0

Fax +49 711 1317-101

info.stuttgart@dreso.com

Drees & Sommer Berlin

Bundesallee 39 – 40 a

10717 Berlin

Phone +49 30 254394-0

Fax +49 30 254394-222

info.berlin@dreso.com

Drees & Sommer Frankfurt

Schmidtstraße 51

60326 Frankfurt am Main

Phone +49 69 758077-0

Fax +49 69 758077-22

info.frankfurt@dreso.com

Drees & Sommer Hamburg

Am Sandtorkai 68

20457 Hamburg

Phone +49 40 514944-0

Fax +49 40 514944-6398

info.hamburg@dreso.com

Drees & Sommer Düsseldorf

Rather Straße 110 b

40476 Düsseldorf

Phone +49 211 440369-0

Fax +49 211 440369-20

info.duesseldorf@dreso.com

46

Drees & Sommer Cologne

Gürzenichstraße

(Entrance Kleine Sandkaul 5 a)

50667 Köln

Phone +49 221 13050-0

Fax +49 221 13050-155

info.koeln@dreso.com

Drees & Sommer Munich

Geisenhausenerstraße 17

81379 München

Phone +49 89 149816-0

Fax +49 89 149816-4890

info.muenchen@dreso.com

Drees & Sommer Nuremberg

Marienstraße 8

90402 Nürnberg

Phone +49 911 240389-51

Fax +49 911 240389-55

info.nuernberg@dreso.com

Drees & Sommer Leipzig

Löhrstraße 4 – 6

04105 Leipzig

Phone +49 341 91930-0

Fax +49 341 91930-6220

info.leipzig@dreso.com

International offices

Balkans

Drees & Sommer Balkan

Project Management and Building

Technologies d.o.o. Beograd

Resavska 78a

11000 Belgrad

Phone +381 11 3065294

info.belgrad@dreso.com

Belgium

Drees & Sommer Belgium S.P.R.L.

Avenue Adolphe Lacomblé

1030 Brüssel

Bulgaria

Drees & Sommer Bulgaria

Petra Str. 6 – 8

Sofia 1527

Phone +359 2 805-7318

Fax +359 2 805-7001

info.sofia@dreso.com

China

Drees & Sommer Shanghai Ltd.

Hongkou Stadium – Zone 3/4 F

444 Jiangwan Road (E)

Shanghai 200081, P.R. China

Phone +86 21 3608-0000

Fax +86 21 6587-7911

info.shanghai@dreso.com

Italy

Drees & Sommer Italia

Engineering S.r.l.

Via Piave, 66

00187 Roma

Phone +39 06 42020-052

Fax +39 06 42004-285

info.roma@dreso.com

Milan office

Corso Garibaldi, 86

20121 Milano

Phone +39 02 29062666

Fax +39 02 29011388

info.milano@dreso.com

Luxembourg

Drees & Sommer Luxembourg SARL

6c, Parc d’Activité Syrdall

5365 Munsbach

Phone +352 261205-50

Fax +352 261205-80

info.luxembourg@dreso.com

Middle East

Drees & Sommer Gulf FZ LLC

DIC – Dubai Internet City

Building 14, Office 101/102

PO Box 500 128

Dubai, U.A.E.

Phone +971 4 390-0448

Fax +971 4 390-9543

info.dubai@dreso.com

Austria

Drees & Sommer Österreich

Gonzagagasse 2/4

1010 Wien

Phone +43 1 5335660-0

Fax +43 1 5335660-90

info.wien@dreso.com

Poland

Drees & Sommer Polska Sp.z.o.o.

Rzymowskiego street 53

02-697 Warsaw

Phone +48 22 5480154

Fax +48 22 5480001

info.polska@dreso.com

Romania

Drees & Sommer Romania S.R.L.

Calea Victoriei nr. 155 Bl. D1,

Sc. 3, Et.7, Ap. 92

010073 Bucuresti (Sector 1)

Phone +40 31 6908-001

Fax +40 31 6908-066

info.bucuresti@dreso.com

Russia/CIS

OOO Drees & Sommer

Project Management and Building

Technologies

1st Volkonsky pereulok 13, building 2

127473 Moscow

Phone +7 495 7375046

Fax +7 495 7376443

info.moscow@dreso.com

St. Petersburg office

Ul. Marata, 47/49, litera A, office 202

190002, St. Petersburg

Phone +7 812 3334307

Fax +7 812 3334308

info.st.petersburg@dreso.com

Sotchi office

Kurortny prospect 18/1

354000 Sochi

Phone +7 495 7375046

Fax +7 495 7376443

info.sochi@dreso.com

Almaty office

Ul. Gogolya Street 84A,

Office 214-216-218

050000 Almaty, Kazachstan

Phone +7 7272 508567

Fax +7 7272 503463

info.almaty@dreso.com

DS Management Partners, Ukraine

Pereulok Muzejny 10 office 803/804

01001 Kiev

Phone +38 0442535677

Fax +38 0442538492

info.kiev@dreso.com

Switzerland

Drees & Sommer Schweiz

Hardturmstrasse 169

8005 Zürich

Phone +41 43 33650 55

Fax +41 43 33650 51

info.zuerich@dreso.com

Spain

Drees & Sommer Espana S.L.

c/Aribau, 112 4°1°

08036 Barcelona

Phone +34 93 451 08 39

Fax +34 93 451 63 95

info.spain@dreso.com

Czech Republic

Drees & Sommer s.r.o.

c/o Drees & Sommer Österreich

Gonzagagasse 2/4

1010 Wien

Phone +43 1 5335660-0

Fax +43 1 5335660-90

info.wien@dreso.com

Turkey

Drees & Sommer Türkiye

Inönü Cad 29/3 Gümüssuyu

34 427 Istanbul

Phone +90 212 29284-00

Fax +90 212 29284-10

info.istanbul@dreso.com

Hungary

Drees & Sommer Hungaria Kft.

Áfonya u.3

1025 Budapest

Phone +43 15 335 660

Fax +43 15 335 660-90

info.wien@dreso.com

Vietnam

Drees & Sommer Vietnam Ltd.

3rd Floor, Vimeco Building

Pham Hung Road,

Hanoi, Vietnam

Phone +84 4 784-9735

Fax +84 4 784-9734

info.hanoi@dreso.com

Expert Teams

Drees & Sommer Advanced

Building Technologies

Obere Waldplätze 11

70569 Stuttgart

Phone +49 711 687070-0

Fax +49 711 687070-368

info@dreso.com

Drees & Sommer Infra Consult

and Development Management

Lautenschlagerstraße 2

70173 Stuttgart

Phone +49 711 222933-0

Fax +49 711 222933-4190

info.infra@dreso.com

Drees & Sommer Prozessberatung

Obere Waldplätze 13

70569 Stuttgart

Phone +49 711 1317-1274

Fax +49 711 1317-401274

info.prozessberatung@dreso.com

Information on services

Project Management

Development management

info.infra-dm@dreso.com

Project management – infrastructure

and transportation

info.infra-dm@dreso.com

Project management for

building construction

info.pm@dreso.com

Construction management

info.pm@dreso.com

General construction management

info.pm@dreso.com

Risk management

info.risk-management@dreso.com

Process consulting

info.process@dreso.com

Project management tools

info.tools@dreso.com

Real Estate Consulting

Technical due diligence

info.dd-asset@dreso.com

Technical asset management

info.dd-asset@dreso.com

Strategic property consulting

info.property-consulting@dreso.com

Crisis management for

distressed properties

info.crisis-management@dreso.com

Public Private Partnership

info.ppp@dreso.com

Facility management consulting

info.fm@dreso.com

Green Building Labels

info.green-building@dreso.com

Organizational consulting

info.org@dreso.com

Engineering

Technical & economic construction

consulting

info.planning-consulting@dreso.com

System planning & simulation

info.planning-consulting@dreso.com

Planning, general technology planning

info.planning-consulting@dreso.com

Life cycle engineering

info.fm@dreso.com

Green Building design for new

buildings

info.green-building@dreso.com

Green Building optimization of

established properties

info.green-building@dreso.com

Energy management for commercial

buildings & industry

info.green-building@dreso.com

Photo credits

Page 1

Page 7

— Mercedes-Benz Milano S.p.A.

Page 10

— B. Braun Melsungen AG

Page 11

— IVG Development GmbH, Berlin

Page 12

— Ingenhoven Architekten

Page 13

— Deutsche Bank AG, Frankfurt

Page 14

— alstria office REIT-AG

Page 15

— S RheinEstate GmbH Cologne

Page 16

— SRH Wald-Klinikum Gera gGmbH

Page 17

— IVG Development GmbH, Graphic: Rakete GmbH

Page 18

— HM Durmitor d.o.o Zabljak

Page 19

— Architect: Robbrecht en Daem architecten, Gent (Belgien);

Principal: Foruminvest SA/NV, Brussels (Belgium);

Investor: Union Investment Real Estate GmbH, Hamburg

Page 20

— SBA International

Page 21

— SEB Asset Management

Page 22

— 4a Architekten GmbH; Syndicat Intercommunal Syrdall Schwëmm

48

Page 23

— Bayer MaterialScience AG

Page 24

— BUSarchitektur, Vienna

Page 25

Page 26

— Premium Point, Bucharest: Developer Premiumred

Page 27

— ZAO «PF» «GRADO», Moscow/Russia

Page 28

Page 31

— Multi Turkmall & T+T Design BV. (Gouda/NL)

Page 32

— Daimler AG

Page 33

— Intercontinental Beach Resort BinhTien, prepared by Bensley Design

Studios, Bangkok

Page 36

— emptyform, Darmstadt

Page 37

— Sandra Schuck Fotografie, Berlin

Page 38

— Deutsche Bahn AG

Page 39

— E.+H. Faerber Büro für Architektur und Innenarchitektur, Mainz

People photography

— Sandra Schuck Fotografie, Berlin

Your Success

www.dreso.com

Drees & Sommer_1005/2300/QU/E

Drees & Sommer Group, Annual Report 2009

Drees & Sommer Group, Annual Report 2009 ... View more Drees & Sommer Group, Annual Report 2009

Delete template?

Save as template ?

Drees & Sommer Group, Annual Report 2009 Drees & Sommer Group, Annual Report 2009