by Property Forum | Investment

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.


Prior to this announcement, the company said in a statement that it plans to fully focus on creating and managing comprehensive business districts with a size and range of available services that support the growth of the companies and communities operating within them.
 
In line with its long-term strategy, the company has announced a plan to start the sale of stand-alone projects in the Czech Republic that are not sizeable enough to make them suitable for the development of such business districts. HB Reavis will continue developing its project in the Czech Republic’s second biggest city, Brno. This project is extensive enough to provide the potential to follow in the footsteps of company projects such as Agora Budapest or Varso Place. The company will also continue the expansion of its network of co-working facilities that operate under the HubHub brand. The Aupark Hradec Kralove shopping centre will remain part of the company’s portfolio.