In the heart of the Ellinikon development is the two million square meter Metropolitan Park, which is expected to become an important green space in Athens and one of the largest coastal parks in the world. The project consists of an integrated urban development model that will combine the natural beauty and unique inherent characteristics of the region with iconic buildings and state-of-the-art infrastructure. Throughout the project, a climate positive design will reduce energy consumption, increase energy efficiency and minimize carbon emissions. The development will also promote biodiversity and active travel and will be serviced by electric vehicle installations.
The project should attract at least 1 million new tourists per year and contribute substantially to the repositioning Athens as one of the top tourist destinations in the world. The program also has a major social contribution through the creation of approximately 10,000 jobs during the construction period and 75,000 jobs (IOBE study, July 2016) during its maturity.
The Mace Jacobs joint venture will manage the overall program and lead the delivery of the building portfolio, which includes landmark structures such as the first high-rise residential project in Athensan iconic shopping complex, luxury retail development and modern office spaces.
Together, Mace and Jacobs draw on decades of international experience managing large-scale programs and projects of significant economic value and complexity. As joint venture partners, the two companies will leverage their joint capability to deliver important legacy programs, such as the London 2012 Olympics and Paralympics and Expo 2020 Dubaiin addition to bringing economic and social benefits and transformation to local communities through job creation.
Jacobs brings extensive project and program management consultancy experience from major programs around the world, including Crossrail in the UK and the FIFA World Cup Qatar 2022™as well as city transformation programs such as the Transformation of Edinburgh city center and Aurangabad Industrial City in India.
Mace will contribute with its extensive experience in mega developments including One Za’abeel and The Opera District in the United Arab Emirates, as well as other major global infrastructure and legacy developments such as the infrastructure reconstruction program in Peru and HS2 London Euston Station in the UK
“Lamda looks forward to capitalizing on the expertise of Mace and Jacobs to provide comprehensive program management guidance to The Ellinikon and help our team turn this grand vision into reality. The shared talent and experience of Lamda and Mace Jacobs will ensure successful timely delivery of a green, sustainable and smart city with excellent quality of life, outstanding iconic buildings and properties, while transferring knowledge, know-how and new building techniques to the Greek market over the next few years,” said the CEO of Lamda Development Odisseas Athanasiou.
“The Ellinikon is a landmark development for integrated sustainable living and an exciting investment that will bring people to the area to work, socialize and vacation,” said Donald Morrison, senior vice president of Jacobs People & Places. European Solutions and Digital Strategies. “Our staff bring extensive experience of integrated project management and delivery in global redevelopment programs to support this exceptional opportunity to build a new Greek city. We will work closely with the local supply chain in Greece to bring Ellinikon’s vision to life and help expand career opportunities for local citizens in highly skilled jobs.”
“We are thrilled to join forces with Jacobs and let our talented teams bring The Ellinikon’s vision of LAMDA to life,” said Mace Consult CEO and Mace Group Board Member, Jason Millette. “Our consultants bring decades of passion, innovation and hands-on delivery experience from around the world, and this is one of the most exciting urban regeneration projects that Europe has never seen. As a pioneering luxury destination, The Ellinikon will substantially contribute to the repositioning of Athens and help shape the future of Greece as the world’s leading tourist destination.”
Certain statements contained in this press release constitute forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as competitive, financial and economic data currently available. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause actual business results to differ materially from our forward-looking statements, including, but not limited to, the impact of the COVID-19 pandemic, including the emergence and spread of variants of COVID-19, the effectiveness and availability of vaccines and treatments, and the related reaction of governments to global and regional market conditions and company operations. For a description of certain additional factors that may arise that could cause actual results to differ from our forward-looking statements, see the discussions contained in Section 1 – Business; Item 1A – Risk Factors; Item 3 – Legal Proceedings; and Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations in our most recently filed Annual Report on Form 10-K, and Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of operating; Item 1 – Legal Proceedings; and Section 1A – Risk Factors in our most recent Quarterly Report on Form 10-Q, as well as the company’s other filings with the Securities and Exchange Commission. The company is under no obligation to update any forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
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At Jacobs (NYSE:J), we strive today to reinvent tomorrow by solving the world’s most critical problems for thriving cities, resilient environments, critical outcomes, operational advancements, scientific discovery and good manufacturing. cutting edge, transforming abstract ideas into world-changing realities for good. With $14 billion in revenue and a talent force of approximately 55,000 people, Jacobs provides a full range of professional services, including consulting, technical, scientific and project delivery services for the public and private sector. Visit jacobs.com and connect with Jacobs on Facebook, instagram, LinkedIn and Twitter.
Mace is a global company of experts in shaping and manufacturing the built environment. It provides development, advisory, construction and operating services for many of the world’s most inspiring construction and infrastructure projects and programs – from Olympic parks and iconic skyscrapers to data centers, schools , hospitals and state-of-the-art homes.
The private company, headquartered in London, UK, has an annual turnover of £1.8 billion. In 30 years, its growth has been fueled by an adventurous spirit and the relentless pursuit of a better way. Today, the company employs more than 6,000 people in five global centers of Europe, Middle East and North Africathe Americas, sub-Saharan Africa and Asia Pacific.
Mace is driven by her purpose to redefine the boundaries of ambition and her vision to lead the way to a more connected, resilient and sustainable world. Learn more about www.macegroup.com