Hill International to Deliver Project Management Services for the Development of a New High-End, Office Complex in Athens, Greece
16 September 2022 - 12:00AM
Hill International (NYSE:HIL), delivering the infrastructure
of change, announced today it was selected by Noval Property, the
second-largest Real Estate Investment Company (REIC) in Greece and
Brook Lane Capital, a private equity firm, to deliver construction
and project management services including design management and
review, cost consulting, construction procurement, and construction
supervision services, among others, for a 56,000 SM high-end office
complex in Athens, Greece.
The project is located on a 16,000 SM plot,
located in the Maroussi area on a former Kodak property, and
involves the construction of an office complex of four, five-story
buildings (including mezzanines) comprising offices and commercial
spaces with three basements for 600-space parking lots and
auxiliary uses. The development is also expected to include 6,400
SM surrounding landscaped areas and 3,200 SM of landscaping for
public use.
Designed by the renowned UK-based architectural
firm Foster and Partners (as Lead Design Architect), in
collaboration with several Greek design firms, the project aims to
achieve a minimum LEED Gold certification and a rank at the highest
energy efficiency category available from the Greek Regulation for
Buildings Energy Efficiency (KENAK A+).
Manolis Sigalas, Hill First Vice President &
Managing Director Southern Europe, said of the award: “Athens is an
exciting market filled with world-class developments and is in much
need of quality office space to accommodate surging demand from
international blue-chip tenants and local businesses. This project
is sure to stand out among the city’s many new attractions and
destinations given our client’s vision, the creativity of the
design team, and the potential of the site in the Maroussi
area.”
Hill International CEO Raouf Ghali added:
“Mixed-use developments present a unique set of challenges,
especially when built in a bustling urban area, but Hill excels in
realizing these high-profile projects as envisioned. We have a
distinctive operational presence in Greece and I’m looking forward
to seeing our team leverage Hill’s best practices to realize this
latest landmark project.”
About Hill International
Hill International, with more than 3,200
professionals in over 100 offices worldwide, provides program
management, project management, construction management, project
management oversight, construction claims, dispute resolution,
advisory, facilities management, and other consulting services to
clients in a variety of market sectors. Engineering News-Record
magazine recently ranked Hill as one of the largest construction
management firms in the United States. For more information on
Hill, please visit our website at www.hillintl.com.
Forward Looking Statements
Certain statements contained herein may be
considered "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, and it is our
intent that any such statements be protected by the safe harbor
created thereby. Except for historical information, the matters set
forth herein including, but not limited to, any statements of
belief or intent, any statements concerning our plans, strategies,
and objectives for future operations are forward-looking
statements. These forward-looking statements are based on our
current expectations, estimates and assumptions and are subject to
certain risks and uncertainties. Although we believe that the
expectations, estimates, and assumptions reflected in our
forward-looking statements are reasonable, actual results could
differ materially from those projected or assumed in any of our
forward-looking statements. Important factors that could cause our
actual results to differ materially from estimates or projections
contained in our forward-looking statements are set forth in the
Risk Factors section and elsewhere in the reports we have filed
with the Securities and Exchange Commission, including that
unfavorable global economic conditions may adversely impact our
business, our backlog may not be fully realized as revenue, and our
expenses may be higher than anticipated. We do not intend, and
undertake no obligation, to update any forward-looking
statement.
Hill International, Inc. Elizabeth J. Zipf,
LEED AP BD+CSenior Vice President (215)
309-7707elizabethzipf@hillintl.com
The Equity Group, Inc. Devin SullivanSenior
Vice President (212) 836-9608dsullivan@equityny.com
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