On November 7/8, 2007 the kick-off event and a symposium on physics at the future FAIR facility took place at GSI-Darmstadt, during which the start of the project was officially announced. This important milestone strongly influences the activities of the IKP. As in previous years, the institute continued its vigorous engagement for the High Energy Storage Ring (HESR) as well as the PANDA and PAX experiments. IKP is in charge of all major HESR components, among them the ion optical design of the ring, the rf systems, the beam-diagnostics and magnets, as well as stochastic cooling. IKP has also taken on central responsibilities for the PANDA central charged particle tracking and vertexing, the PANDA frozen pellet target, as well as establish...