HB Reavis Leases Twin City Building to reinsurer Swiss Re
HB Reavis’ latest landmark development in Bratislava, the Twin City complex of top quality office buildings, has secured its first major tenant. One of the leading global reinsurers Swiss Re has taken a 10-year lease on nearly an entire building. By mid-2017, Swiss Re staff will be moving into 14,200 m2 of office space, with an option to take a further 6,300 m2.
The Twin City development is currently under construction at a unique position in the Slovak capital. It will link the historic centre with a modern business district, making it an ideal location for tenants. Twin City, whose name reflects the connection between the historic and the modern, has been designed to complement and blend with the existing classical architecture. The Twin City development is divided into twelve phases that will be built progressively. Completion of the first building, Office Building A, with floor space of nearly 16,000 m2, is planned for this year. With two further buildings, the first block of Twin City will combine modern offices, retail shops and services on the ground floor with total leasable area of more than 60,000 m2. The whole complex has been designed to stimulate a healthier work-life balance and includes ample underground parking for bicycles, as well as locker rooms and showers for cyclists. Green areas in the public spaces will add to the ambience offering benches for relaxing outdoors during work breaks. Twin City is planned to be BREEAM certified with ‘Excellent’ rating and energy certification of class A1.
The lease agreement between Swiss Re and leading Central European developer HB Reavis has been signed even before building completion. According to HB Reavis Slovakia CEO Adrian Rác, ‘We are proud to have secured a client as important as Swiss Re. Our integrated business model that covers the whole chain, from development through construction and asset management, enables us to work flexibly with our tenants, even well ahead of completion and occupation.’