diff --git a/CHANGELOG.md b/CHANGELOG.md
index 14fbe2f2f..67a434dfd 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,8 @@ We use [semantic versioning](http://semver.org/):
 - PATCH version when you make backwards compatible bug fixes.
 
 # Next Release
+
+# 16.0.0
 - [fix] Prevent "out of memory" in small JVMs: Don't cache test executions in memory
 - [breaking change] `--ignore-duplicates` (and `-d` option in convert tool) have been replaced with `--duplicates` option
 - [breaking change] `--filter` option in convert tool has been renamed to `--includes`
diff --git a/build.gradle b/build.gradle
index 7a75be853..93c390130 100644
--- a/build.gradle
+++ b/build.gradle
@@ -10,7 +10,7 @@ buildscript {
 }
 
 ext {
-	appVersion = '15.5.1' // Also update version in BuildVersion.kt
+	appVersion = '16.0.0' // Also update version in BuildVersion.kt
 	pluginVersion = '0.5.8' // Also update version in BuildVersion.kt
 	reportGeneratorVersion = '1.4.8'
 	teamscaleClientVersion = '0.3.4'