PHILADELPHIA and ATHENS, Greece, Sept. 15, 2022 (GLOBE NEWSWIRE) -- 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+C
Senior Vice President
(215) 309-7707
elizabethzipf@hillintl.com
The Equity Group, Inc.
Devin Sullivan
Senior Vice President
(212) 836-9608
dsullivan@equityny.com
