HB Reavis showcases projects at Expo Real
HB Reavis, one of the leading property developer groups operating on the Central and Eastern European market, as well as in Great Britain and Turkey, will once again participate in the International Property and Investment Trade Fair EXPO REAL, commencing today in Munich. The company will showcase its projects from Poland, the Czech Republic, Slovakia, Great Britain, and Hungary during this event.
‘The International Property Trade Fair EXPO REAL is one of the largest and most prestigious meetings of the commercial real estate industry representatives in the world. HB Reavis actively participates in all important business events, and this is why we couldnot miss Munich – said Pavel Trenka, HB Reavis Group CEO. He also added: – At HB Reavis, we are always looking to expand our operations and our portfolio. We enter new markets boldly, and we succeed. London, where we are currently working on a unique office building investment, 33 Central, is a great example.’
At this year’s edition of the fair, HB Reavis will present a total of seven projects, of which four have already been commissioned for use and three are still under construction.
Of the former, the first is the Slovakian Forum Business Center. Located in Bratislava, it offers a total of nearly 19.000 sq m of high-class space spanning over 17 overground and 3 underground levels. It is the only office building in Slovakia to have received the BREEAM certificate of the highest rating, “Excellent”. Other projects to be presented in Munich are the first of HB Reavis investments completed in the Czech Republic and Hungary. River Garden I/II/III was commissioned for use in two stages, thus bringing over 44.500 sq m of high-class business space to the market. It is one of the most modern business locations in Prague. Váci Corner Offices is the first HB Reavis investment in Hungary. This office building with an area of 21.000 sq m was completed in June 2014. Its tenants include i.e. MVM, the country’s largest power company. Gdański Business Center (Warsaw) will also be presented among the finished investments. This project, which is to supply over 98.000 sq m to the market, is being completed in two stages. Two buildings with a total area exceeding 45.000 sq m were commissioned for use in June of this year, and the other two are to be completed in the first quarter of 2016. So far, the complex has been chosen by such tenants as KPMG, SNC Lavalin, Provident, and Coloplast. HB Reavis will also present at EXPO three investments that are still underway. The first one of them, 33 Central, is a modern, A-class office building currently under construction in the very heart of the prestigious London City, at 33 King William Street. The building was designed by John Robertson Architects. Tenants will have over 21.000 sq m of top-class office space at their disposal, as well as a rooftop garden of over 1.000 sq m with a breathtaking view of The Shard, the river Thames, St. Paul’s Cathedral, Bank of England, and London Bridge. The second investment which HB Reavis is currently developing and which it will show at the EXPO REAL 2014, is the Prague-based Metronom Business Center. This project includes three buildings that together will provide over 29.000 sq m of A-class office space, as well as 2.100 sq m for retail and services. The commissioning is scheduled for the first quarter of 2015. Also selected for presentation is the Warsaw office complex, Postępu 14. It will be completed in the second quarter of 2015 and will offer nearly 34.500 sq m of business space situated in one of the most dynamically developing parts of Warsaw.
HB Reavis, as an international developer group, has been participating in the EXPO REAL fairs for over a decade. This year in Munich, HB Reavis will be present at the fair not only with its own stand, but also at the stand of the capital city of Warsaw, showcasing two Warsaw-based investments of this developer.
‘Participation in EXPO REAL is each time a great opportunity for us to present our current projects to a broad audience, as well as to make new, valuable contacts with other representatives of our industry – said Marian Herman. He also added: – Over the last few years, HB Reavis group has sold projects at a total value of 0.7 billion euro. Our partners include renowned and prestigious brands, such as the largest Czech insurance company, Česká pojišťovna, which forms part of the European insurance conglomerate, Generali Group, or Prvý realitný fond (PRF), managed by IAD Investments. The transactions we have made emphasize the value of our projects as investment products on the one hand, and on the other hand confirm the reliability and the stable position of HB Reavis on the European market of commercial space.’
EXPO REAL, held since 1998, is the largest investment fair in Europe. Each year, on an area of 64 thousand square meters, over 1500 exhibitors – developers and investors, investment banks, consulting companies, banks and lease funds, construction companies, architects, as well as representatives of municipal and regional authorities – present their projects, products and services. Last year’s edition of the fair attracted about 36 thousand participants from 68 countries.