HB Reavis to join new development project in Bratislava

13
Jul
2016
News - HB Reavis to join new development project in Bratislava #Bratislava #development #HB Reavis #office #retail #Slovakia

by Ákos Budai | Retail

Award-winning UK architecture practice Make Architects has been appointed to design a state-of-the-art office building in Bratislava’s Central Business District. HB Reavis has been chosen as the development manager of the new mixed-use scheme which will be developed on the site of the current Apollo Business Centre I.


The plan is to build on the site a new development similar in size to the existing one that will include office, retail and leisure amenities, catering to Bratislava’s growing businesses as well as the local community.
 
Pavel Trenka, CEO of HB Reavis Group commented: „I can confirm HB Reavis Slovakia will be the future developer of the project. We are actively trying to find the best resolution for this site and establish most convenient conditions for the whole neighbourhood. Apollo Business Center I needs a complex change, with regard to the construction mistakes in the original project – the building is already technologically outdated and a new scheme is a better solution than refurbishing the current one. Our goal now is to create a new gateway to Prievozska street, flawlessly meeting current trends and bringing added value to tenants and the whole community.“
 
Adrian Rác, CEO of HB Reavis Slovakia added: “Since Apollo Business Centre I’s completion in 2005, Bratislava has become an even more sophisticated and desired destination for both local and global businesses. A recent report by Cushman & Wakefield notes that job creation over 2015-17 is expected to grow at an average of 1.9% per annum, consequently driving office demand. Alongside Make Architects we look forward to designing and delivering a modern scheme that truly reflects the city’s modern occupiers.”
 
“We’re delighted to be working with HB Reavis on this ambitious project. As part of the Danube Valley tech cluster, Bratislava is a particularly exciting environment. Our vision for the scheme seeks to establish a virtuous cycle in which high quality space – inspired by the creative culture of the tech and start-up worlds – will attract and maintain the best talent and create a truly iconic business destination,” commented Florian Frotscher, lead architect.
 
It has also been announced that Apollo Business Centre I will be purchased by Julesburg, which is not a consolidated entity of HB Reavis Group. Slovenská Sporiteľna is the financial partner of the project.



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  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

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  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
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