PHILADELPHIA and HAMBURG, Germany, Feb. 27, 2017 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from Unibail-Rodamco to provide project management and site supervision services in connection with the Überseequartier Süd mixed-use development in Hamburg, Germany.
The €960 million ($1.02 billion) Überseequartier Süd development will be the centerpiece of HafenCity in Hamburg, the second largest city in Germany. With 3.5 million residents within an hour's driving time, HafenCity is considered to be one of the largest urban redevelopment projects in Europe with a land mass of approximately 2.2 square kilometers (0.85 square miles). The Überseequartier Süd development will comprise 14 iconic buildings including 1150 hotel rooms, residential, entertainment and office facilities. It will also feature a cruise terminal, a below grade light rail metro and, an interconnected retail space with 200 stores. All buildings will
be Gold BREEAM certified, the European standard for sustainable building.
"This is one of the largest developments in Europe and a landmark project in Germany," said Jeffrey Sújar Blanco, Vice President with Hill's Project Management Group. "We are extremely excited to be part of such an iconic project," added Sújar.
Hill International, with 4,300 professionals in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. 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.
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 projections of revenues, earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, 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.
John P. Paolin
Senior Vice President of Marketing and
The Equity Group Inc.
Senior Vice President
Source: Hill International, Inc.
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