March 11, 2015

HB Reavis showcases its flagship projects at MIPIM 2015

HB Reavis showcases its flagship projects at MIPIM 2015

HB Reavis, the international real estate development group operating in Central and Eastern Europe, the United Kingdom and Turkey, is once again participating at this year’s MIPIM international real estate show. The developer is showcasing a number of projects, including its flagship developments in Poland and the United Kingdom.

“As one of the leading developers in Central and Eastern Europe, HB Reavis has been an active participant at MIPIM since 2004. We consider MIPIM to be a fantastic opportunity to showcase our most exciting projects to a broad audience from across the globe, and to build useful business network, potentially leading to future transactions,” said Pavel Trenka, HB Reavis Group CEO, adding: “With over 1 million sqm of developments currently in our pipeline, we will also be looking to expand on the €1 billion worth of assets that we’ve sold in recent years to prestigious investors including Generali, Heitman, NEPI, Raiffeisen, Unibail-Rodamco. The enduring appeal of our projects as an investment proposition reinforces HB Reavis’ reputation for being at the forefront of bringing high-quality, sustainable buildings to the European market.”

HB Reavis will showcase both completed and underway projects in Poland, the Czech Republic, Slovakia, the United Kingdom, and Hungary. Among these projects will be HB Reavis’ major Polish office developments, Konstruktorska Business Center and Gdański Business Center, as well as its flagship British scheme, 33 Central in London.

Konstruktorska Business Center is the first investment completed by HB Reavis in Poland. The building has achieved a 100 percent occupancy rate, with major tenants including Procter & Gamble, Żywiec (Heineken Group), PZU, Otis, Carrier, MoneyGram, and IMS Health.

A separate Warsaw-based investment to be presented during this year's edition of MIPIM is Gdański Business Center. This modern office complex, which will comprise four A-Class buildings and offer the total area of over 98,000 sqm is one of the largest office developments currently under way in the broader city center of the Polish capital.

The project’s first phase offering over 46,000 sqm was completed in June 2014 and caters to leading international companies such as KPMG, Ove Arup & Partners and Provident.

The second phase will comprise two buildings, with the total of over 50,000 sqm Grade A office space and is on schedule for completion in the first quarter of 2016.

HB Reavis will also be presenting its first British project during the week in Cannes.

The construction of 33 Central is currently underway in the City of London, in the very heart of the renowned business district at 33 King William Street. This modern Grade A office building has been designed by the distinguished John Robertson Architects. Tenants of this development, which is due to be completed by late 2016, will have more than 21,000 sqm of office space at their disposal as well as a quarter acre rooftop garden overlooking the River Thames and other iconic London landmarks such as The Shard, St. Paul's Cathedral and London Bridge.

In addition to those outlined above, HB Reavis will also showcase further Group developments, such as the West Station project in Poland, Forum Business Center in Slovakia, the River Garden II/III complex in the Czech Republic and Váci Corner Offices in Hungary.

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