Workspace provider HB Reavis has announced the extension of a €160 million investment loan for the next 5 years.
The initial loan backed the development of the Agora Budapest project, while the loan extension for the same project was secured by Erste Bank Hungary and Raiffeisen Bank Hungary.
“The extension of the loan is a testament to the trust placed in the Agora project and our high-end office spaces in Budapest. The financing banks have supported us since the project’s early days, and we are grateful for their continued trust,” said Tomáš Krajčír, CFO, HB Reavis Investments.
Agora Budapest was completed in 2020 and comprises 65,000 sqm of leasable office space alongside 6,500 sqm of retail space. The project has an occupancy rate near 95%.
