 Developing BBVA's vision for its headquarters building into a successful project by Hill International (Spain)Martin Murphy Corporate Real Estate Journal, 2015, vol. 5, issue 1, 39-48 Abstract: Following a number of acquisitions, major Spanish financial institution Banco Bilbao Vizcaya Argentaria (BBVA) was faced with the need to increase efficiency, forge closer collaboration among colleagues and departments, and shift from the traditional way in which the organisation worked. This was accomplished by launching the construction of the bank's new headquarters in Madrid, Spain. The design of the project was undertaken by the Swiss firm Herzog & de Meuron with project management by Hill International. With a budget of around €500m, a build area of 250,000m2 in a 96,000m2 plot, and an occupation capacity of 6,000 employees, the project was developed in two phases — which are briefly described in this paper — during a period of about seven years. This case study highlights, among other elements, that good planning, a good client brief and rigorous procurement are the ingredients for a successful project. A set of observations related to risk control and damage limitation from the point of view of the project manager is also outlined. Keywords: project management; innovation; corporate headquarters; planning; risk control; change management (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:aza:crej00:y:2015:v:5:i:1:p:39-48 Access Statistics for this article More articles in Corporate Real Estate Journal from Henry Stewart Publications |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.