Agora Budapest’s journey to success: EUR 140 million loan granted
A new syndicated loan for construction and development from Erste Group and Raiffeisen Bank International Group (RBI Group) has confirmed Agora Budapest’s uniqueness in the Hungarian market. The recently signed facility amount of 140 million EUR makes it one of the largest in the Hungarian real estate sector. The financing club is led by Erste Group as Bookrunner and Facility Agent. Erste Group and RBI Group will finance the Agora Budapest project with equal parts.
The structure of the first two buildings of the urban development is almost complete, awaiting their international anchor tenants Raiffeisen Bank and BP in 2020.
What makes the HB Reavis project in the heart of the Vaci Corridor special?
Agora Budapest will bring together business and lifestyle. It will deliver human focused, healthy working environment, with green public spaces and amenities serving the need of all users.
From a business perspective, networking will be supported by various events organised by HubHub, the co-working offices by HB Reavis. HubHub will become an innate part of Agora Budapest, creating a vibrant community of entrepreneurs and start-ups together with rather large corporations such as BP and Raiffeisen Bank.
Agora aims to incorporate smart workspace solutions by HB Reavis’s Symbiosy department, Origameo’s strategic workspace advisory and More’s wide range of services, including an in-house concierge or bike sharing. All of these should not only support people’s productivity, but also their well-being. To emphasize the lifestyle feeling, the public spaces will provide relaxation zones with lush greenery and the square will offer a variety of events and amenities where people can enjoy their spare time.
