Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Eiffel Hall in Budapest (220 m long, 110 m wide) to be turned into an art centre for classical music – Contract value: approx. € 38 million

Contracts

Budapest – The construction company STRABAG has been chosen to renovate Budapest’s historic Eiffel Hall on behalf of the Hungarian State Opera. The building from the year 1886, which measures 220 m in length and 110 m in width, will be used as an art centre for classical music. The contract value is divided into a fixed portion of HUF 8.6 billion (EUR 28 million) and an option portion of HUF 3.1 billion. (approx. EUR 10 million).

“The steel structure of the Eiffel Hall was listed as a historic site in 2011, making this one of Hungary’s largest industrial monuments,” explains Thomas Birtel, CEO of STRABAG SE. It was originally built as a repair shop for the Hungarian state railways. Once the renovations are complete, the building will not only serve as a rehearsal space for the Hungarian State Opera and the Erkel Theatre but will also be used for workshops, opera studios as well as costume and decorations storage. Additionally, the Eiffel Art Studio will offer a home to the Bánffy Theatre with 340 audience seats, an orchestra pit and corresponding acoustics.

end of announcement euro adhoc

Attachments with Announcement:

———————————————-
http://resources.euroadhoc.com/documents/2246/5/10030177/1/STRABAG_Eiffel_Halle_HU_Jul2017_e.pdf

issuer: STRABAG SE Donau-City-Straße 9 A-1220 Wien
phone: +43 1 22422 -0
FAX: +43 1 22422 – 1177
mail: investor.relations@strabag.com
WWW: www.strabag.com
ISIN: AT000000STR1, AT0000A05HY9
indexes: WBI, ATX, SATX
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/4106/aom

Rückfragen & Kontakt:

STRABAG SE
Diana Neumüller-KleinHead of Corporate Communications & Investor RelationsTel. +43 1 22422-1116
diana.klein@strabag.com



Quelle

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER
INHALTLICHER VERANTWORTUNG DES AUSSENDERS. www.ots.at

(C) Copyright APA-OTS Originaltext-Service GmbH und der jeweilige Aussender.