ARTICLES LABELLED WITH TAG HB Reavis

HB Reavis is going on in selling off its portfolio in Bratislava. Land in the neighbourhood of the Forum Business Center office complex has changed hands, reports SME.sk.

Lidl has chosen Apollo Nivy in Bratislava as the location of its head office in Slovakia. The relocation of more than 500 employees of the discount headquarters is planned for December of this year.

After an unprecedented rise in interest rates, the CE REIF fund has reassessed the price of real estate in its portfolio. Last year's loss is reaching almost 30%, reports DennikN.sk. It is the first real estate fund in Slovakia that has admitted the problems of commercial real estate.

After 15 years in the Polish market, HB Reavis is changing its business profile. From the beginning of this year, it will be limiting its property development business by changing to HB Reavis Investments and remaining the property manager of Varso Place and Forest. CEO Sebastian Proć will be replaced in the management of the company by commercial director Cezary Błaszczyk.

Changes are currently taking place in HB Reavis’ executive leadership teams and across the Board of Directors. Marian Herman and Peter Pecnik stepped down as Group CEO and Group CFO, respectively. The recently created HB Reavis Asset Management platform managing a €2.3 billion top asset portfolio will be led by Marcel Sedlak as CEO, Tomas Krajcir as CFO and Matus Liptak as COO. Steven Skinner was appointed as CEO to lead the company development arm that focuses on developing the existing pipeline.

MBH Bank, a newly established Hungarian player in the local financial market, will launch a huge development project aiming to build its new headquarters in the most important office destination. The handover of the first phase is scheduled for Q1 2026.

A syndicate of four banks granted HB Reavis a loan for refinancing the Varso Place project, a mixed-use scheme in central Warsaw. The total amount of €475 million makes it the largest non-portfolio loan in the history of the commercial real estate market in Poland and one of the biggest in Central and Eastern Europe. The last stage of Varso Place, Varso Tower, was delivered in 2022.

HB Reavis has completed the construction of Varso Tower, the tallest skyscraper in the EU, designed by Foster + Partners. The first tenants will soon move in.

In one of the largest transactions on the Warsaw office market in recent months, HB Reavis has leased 18 floors (30,000 sqm) in the Forest skyscraper to Bank Pekao. The second-largest bank in Poland will become the main tenant of the building. 

Penta Real Estate is planning a new development on the banks of the Danube in Bratislava. Therefore, the company has acquired land from HB Reavis with a total area of 85,000 sqm. The price of the transaction was not disclosed. The new acquisition was reported by news portal Trend, which is part of the NMH publishing house owned by Penta Investments.