Investors take stake in Hockenheim-Ring

Article posted by Coliseum, April 30^th, 2024

Image: emodrom group

A group of private investors has agreed to take a long-term stake in the German motorsport venue Hockenheimring.

Hockenheim-Ring GmbH said in a LinkedIn post that the investment from five medium-sized companies heralds a new era for the venue.

The group will contribute €250 million, which will be used to build a hotel and a Motorworld center, as well as to improve technology and mobility solutions at the Hockenheimring.

The Hockenheimring Baden-Württemberg in Hockenheim (Germany) is one of the most famous racetracks in the world. Since opening in 1932, countless motorsport events, including Formula 1, have taken place at the circuit in Southwestern Germany.

With a length of 4.574 km, Hockenheimring consists of six left turns, 11 right turns and six straights. The racetrack contains 120,000 spectator seats and entertains approximately 700,000 visitors annually.

The local council of the city of Hockenheim approved the buy-in of the emodrom group holding GmbH and the five private companies involved in it into the shareholder group of Hockenheim-Ring GmbH.

The new shareholder will hold a total of 74.99% of the shares. The city of Hockenheim (previously 94%) and the Badische Motorsport-Club e.V. (previously 6%) remain shareholders with a total of 25.01% and will continue to be significantly involved in the further development of the Hockenheimring.

The Timbra Group and the Assenheimer Group, the Motorworld Group, Paravan GmbH – together with Arnold NextG GmbH – and the Wirth Group have been added as shareholders.

In the future, a total of five financially strong, predominantly cross-generational, medium-sized family businesses from southern Germany will be joint shareholders in Hockenheim-Ring GmbH.

The group of investors has a very high level of expertise in real estate and project development, proven expertise in the racing and automotive business, and a high level of commitment to sustainability.

It also plays a pioneering role in mobility innovation for people with and without disabilities as well as in the development of new vehicle concepts.

Over the next 5 to 10 years, the group of companies will make investments amounting to €250 million. Plans include the expansion of the Porsche Experience Center, the construction of a hotel and the addition of a Motorworld as an attraction for car enthusiasts.

These construction projects are expected to be completed in the next 2 to 3 years.

Jorn Teske, Managing Director at Hockenheim-Ring GmbH, said, “These companies will not only bring a certain financial clout and implement spectacular and impressive projects, but they also bring know-how in subject areas that we do not yet cover and unimagined opportunities through the extensive networks of the partners involved.

“We are convinced that the planned projects and construction projects will provide added value in the region and will further strengthen our reputation as an international racetrack.

“We are looking forward to a great future together and would like to thank all partners involved for their trust in the Hockenheimring.”

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