Hill International to provide Project Management Services for the Largest Waterfront Urban Regeneration Project in Europe –...
March 02 2021 - 1:30PM
Hill International, Inc. (NYSE:HIL), the global leader in
managing construction risk, announced today it was awarded a
contract by LAMDA Development to provide Project Management
Consulting (PMC) services for the Infrastructure and Landscape
Program of the Hellinikon Project, Europe’s largest waterfront
urban regeneration program.
Following an international privatization
process, LAMDA Development, through its fully owned subsidiary
Hellinikon Global Investors 1 S.A., was selected as the Preferred
Investor for the acquisition of 100% of Hellinikon S.A. Hellinikon
S.A. owns the redevelopment and operational rights for the site of
the former Athens International Airport and the additional adjacent
plots that comprise the site for the project. The Hellinikon is
located just 8 km southwest of Athens’ city center and comprises an
area of approximately 6.2 million square meters (620 hectares). For
comparison, the site is three times the size of Monaco, and enjoys
a magnificent 3.5 km waterfront along the Athenian coastline as
well as a marina.
Inspired by LAMDA Development and master-planned
by internationally acclaimed design firm Foster & Partners, the
Hellinikon Project is a mega development with a total planned
investment of more than €8 billion ($9.5 billion), with work
planned in phases over the next 15 years. LAMDA’s vision for the
Hellinikon is to create a landmark destination for Athens anchored
by a world-class park fostering sustainability, enhancing
connectivity, and transforming the waterfront through integration
with the park. The overall built area of the project will be circa
2.7 million square meters in gross floor area (GFA). Essentially,
the Hellinikon will realize a new “city within the city” and once
complete will include a spectrum of uses and typologies, including
residential, hospitality, cultural, educational, healthcare, and
others.
The heart of the Hellinikon will be the
Metropolitan Park, rivalling London’s Hyde Park and New York City’s
Central Park in size, beauty, and functionality. At more than 2
million square meters, Metropolitan Park will connect the sea front
with Hymettus mountain through fixed-track transport. This will
provide direct access to the park and to the sea front from all
over the Attica basin. The development’s Infrastructure &
Landscape Program also involves the construction of all new
roadworks and utility networks, the development of the Metropolitan
Park and other open areas, 50 km of pedestrian and bicycle paths,
marine works to upgrade the waterfront, the creation of a 1 km long
public beach, new solid waste management and wastewater management
plants, associated flood protection, and other works.
“Hellinikon is Greece’s ‘Project of Projects’”
says Manolis Sigalas, Hill Vice President & Managing Director
for Southern Europe. “The planning and implementation of this
infrastructure program is absolutely key for the success of the
overall development and, simply put, our mission is to work hard to
help the project and LAMDA succeed.”
“We are delighted and honored to have been
selected as the PMC on this program” says Hill Chief Executive
Officer Raouf Ghali. “Hill has managed mega master-planned
developments around the world and has a distinctive operational
presence in Greece. We are confident our team’s capabilities and
the best practices we bring will enable us to be a valuable partner
to LAMDA for delivering the Hellinikon’s infrastructure program and
beyond.”
About Hill International
Hill International, with approximately 2,700 professionals in
more than 69 offices worldwide, provides program management,
project management, construction management, and other consulting
services to clients in a variety of market sectors. Engineering
News-Record magazine recently ranked Hill as the eighth-largest
construction management firm 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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