PHILADELPHIA and WROCLAW, Poland, July 28, 2015 (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 construction management services in connection with the Wood Project. The three-year contract has an estimated value to Hill of approximately PLN 18.6 million ($5.0 million).
The Wood Project is a modern four-story shopping center complex that includes 210 retail stores, a cinema, restaurants, office facilities, underground and roof parking and a bus station. The complex, which totals approximately 68,000 square-meters (731,000 square-feet) of gross leasable area, is located in the center of Wroclaw, close to many of the city's most important attractions. The official name of the project is "Wroclavia."
"The Wood Project will offer Wroclaw a unique retail experience," said Jacek Zurawski, Vice President and Managing Director (Poland) for Hill's Project Management Group. "We are proud of the fact that the premier retail developer Unibail-Rodamco has turned to Hill to deliver this important project," added Zurawski.
Hill International, with 4,800 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 seventh largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.
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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. 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
Corporate Communications
(215) 309-7710
johnpaolin@hillintl.com
The Equity Group Inc.
Devin Sullivan
Senior Vice President
(212) 836-9608
dsullivan@equityny.com
(HIL-G)