ARCADIS (NASDAQ: ARCAF, EURONEXT: ARCAD), the international consultancy and engineering company has announced today that ARCADIS Worldwide Project Consulting has been awarded a framework contract by Multi Asset Management, part of Multi Corporation. Under this contract, ARCADIS will be responsible for due diligence and project monitoring services on behalf of investment company Multi Investment. The contract has an expected value of more than € 4 million.
ARCADIS Worldwide Project Consulting provides project, cost and program management services on a global scale for projects in the field of real estate and construction. Its major clients are companies with extensive networks of international offices. The ARCADIS Worldwide Project Consulting approach – global coverage, national support and local delivery – guarantees these clients cross-border consistency and transparency.
Multi Corporation (Multi) is a successful developer of high-quality shopping malls in Europe. Multi Investment holds a selection of Multi projects entirely or partly as long-term investor, building up a diversified pan-European portfolio of first class shopping centers. Multi Asset Management is the retained asset manager of Multi's pan-European real estate portfolio. Multi Asset Management has early involvement in developments, ensuring sustainable values and long-term successful real estate investments. They monitor the development- and letting-process, and are dedicated to the long term investor interest, be it for an institutional client, a funding partner or the own portfolio of the group.
For ARCADIS, the contract covers activities in seven countries: the Netherlands, Belgium, Germany, the U.K., Czech Republic, Poland and the Ukraine. In 2007, activities will include at least eleven projects in five countries.
Michiel Jaski, responsible Executive Board member for ARCADIS Worldwide Project Consulting comments: "This order proves the success of the concept of ARCADIS Worldwide Project Consulting in the market. It enables us to meet a growing need among clients for seamless global delivery of project consulting."
ARCADIS is an international company providing consultancy, engineering and management services in infrastructure, environment and facilities, to enhance mobility, sustainability and quality of life. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With more than 11,000 employees and $1.5 billion in gross revenue, the company has an extensive international network that is supported by strong local market positions.
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Those risks include, among others, risks associated with possible changes in environmental legislation and risks with regard to the Company's ability to acquire and execute projects. These and other risks are described in ARCADIS' filings with the Securities and Exchange Commission over the last 12 months, copies of which will be available from the SEC or may be obtained upon request from the Company.
