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Deals & Dealmakers

Bouygues Batiment International and Intrakat joint venture undertakes the construction of Riviera Tower at The Ellinikon  

LAMDA DEVELOPMENT S.A. informs the investing public that the process for the selection of the joint venture that will undertake the construction of the tallest, “green”, residential tower in Greece, Riviera Tower.

The Contractor is the joint venture between Bouygues Batiment International and Intrakat, a partnership between one of the leading international contractors with a very good reputation and experience in the design, and construction of high-end, high-rise residential buildings, with one of the leading Greek Contractors in the field of infrastructure and buildings construction.

With this selection, the joint venture between Bouygues Batiment International and Intrakat, moves to the next stage of the Riviera Tower construction process, following the provision of consulting services in the form of Early Contractor Involvement (ECI) as well as the implementation of the preparatory and preliminary works regarding the design, planning, logistics and construction management of the project, in its capacity as Early Works Contractor (EWC).

Τhe CEO of LAMDA Development, Odysseas Athanasiou stated: “Ellinikon is a world-class project. A vision that in the past two years has passed into the implementation stage. In this process of creating a new, modern, green city, we choose as our partners, the best in every field from Greece and abroad. We are particularly pleased to sign today’s agreement with Bouygues Batiment International and Intrakat consortium, which is undertaking a particularly challenging project; the construction of the first, highest building in Greece, the Riviera Tower. We envision that the 200-metre seaside residential tower of the major redevelopment of Ellinikon, designed by the internationally renowned architectural firm Foster+Partners, will soon become the new landmark for our country.”

Τhe Vice President & CEO of  Intrakat, Alexandros Exarchou stated: “We are proud to be part of The Ellinikon, the largest urban regeneration project in Europe, with the construction of the highest, “green” skyscraper in the Mediterranean, the Riviera Tower, in a joint venture with Bouygues Batiment International. Lamda Development, recognizing the expertise of Intrakat Group, trusted us with the timely and seamless completion of the project. By participating in this flagship project, we are taking part in an important initiative, focused on sustainable development, which will boost the country’s economy, create new job positions, boost tourism and attract capital and investment worth billions. The implementation of the Riviera Tower will serve as a symbol of the Greek construction sector’s ability to undertake and successfully complete complex, large-scale projects.”

The Chairman & CEO of Bouygues Bâtiment International, Pierre-Eric Saint-André commented: “We are grateful to have been selected with our partner Intrakat to participate in The Ellinikon project with the construction of the iconic Riviera Tower. This will be our second project with renowned architect Foster+Partners since we delivered the great Kai Tak cruise terminal in Hong Kong 10 years ago – a building that has also become an icon of the city. The Riviera Tower is a great opportunity for us to express our historical expertise in the construction of complex high-rise buildings, with ambitious low-carbon requirements. We are especially excited to be part of the bold vision of Lamda Development and we are convinced that our team will demonstrate their passion for challenging projects so that our work can have a positive impact for Greece and the Greek people.”

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