ARTICLES LABELLED WITH TAG HB Reavis

HB Reavis has received a new syndicated loan from Erste Group and Raiffeisen Bank International Group (RBI Group) for the construction and development of Agora Budapest. The recently signed facility amount of €140 million makes it one of the largest in the Hungarian real estate sector. The financing club is led by Erste Group as book-runner and facility agent. Erste Group and RBI Group will finance the Agora Budapest project with equal parts.

Skanska has acquired about 13,000 square meters of land in Prague, Czech Republic, from HB Reavis Group B.V. The total investment amounts to €19.5 million.

Valesco Group, a London headquartered European real estate investment manager, along with AIP Asset Management, a Seoul headquartered asset manager, have exchanged contracts to acquire Twin City Tower office building in Bratislava, backed by South Korean institutional capital, for €120 million, making this one of HB Reavis’ largest transactions on the Slovak office market. The purchase price reflects an acquisition yield of 5.75%. The transaction represents the first South Korean investment in the Slovak real estate market.

Martin Miklas was named the new CFO of HB Reavis. He took this position over from CEO Marian Herman, who had kept these responsibilities even after becoming CEO last year. Martin, so far, has mostly been responsible for the non-real estate businesses of HB Reavis shareholder.

HB Reavis marked its ambitious plans for growth in Germany by announcing two major acquisitions in Berlin and Dresden totalling 3.5 hectares. Plans will see the introduction of HB Reavis’ co-working initiative as well as designs aimed at and catering to a range of businesses, from start-ups and scale-ups to larger corporations, all while fostering well-being and productivity.

HB Reavis has received a syndicated loan of €175 million for the construction of the Nivy Station project in Bratislava. The loan is processed through a bank consortium of UniCredit Bank, Tatra banka, ČSOB and HYPO-BANK Burgenland, the transaction agent is UniCredit Bank. HB Reavis utilised the first part of the loan in December of 2018.

In 2020 Poland’s first NYX Hotel will open in the middle of the three Varso Place buildings HB Reavis is developing. It will occupy almost 20,000 sqm of space on fifteen floors. The four-star hotel will offer 331 rooms.

HB Reavis has appointed Peter Pecnik to the Chief Executive Officer position in Poland. In his new role, he will manage a team of 170 across the Polish market, the largest among the Group’s business operations. Stepping down from his role as CEO for Poland, Stanislav Frnka is leaving the company after more than 12 years.

HB Reavis received a building permit for a new office campus in Warsaw. Office buildings with open ground floors, a public square and green areas the size of two football pitches may be built at Burakowska 14, at the intersection of the districts of Wola, Śródmieście and Żoliborz.

HB Reavis has successfully sold two Warsaw office buildings to Savills Investment Management (Savills IM) who acted on behalf of a global pension fund client. Offering ca. 53,000 sqm, Buildings C and D of Gdanski Business Center are now entirely owned by the global pension fund.