A consortium of four banks has extended HB Reavis' long-term investment financing facility of €200 million for the Forest office campus in Warsaw. The agreement runs until the end of 2031 and was secured on terms.

HB Reavis has completed a €510 million refinancing of Varso Place, its flagship Warsaw development, with two new banks joining the credit consortium. The financing increased by €35 million from the previous €475 million loan on improved terms.

While interest in housing and residential projects has remained high, the office segment in Bratislava is in a certain slump. The Slovak Spectator's compiled ranking of the largest office developers in Slovakia has been brought by SME.sk.

The Mlynské nivy bus station is the main bus terminal in Bratislava. The spacious station has now entered a reconstruction, with HB Reavis' goal to optimise its area and adapt it to real transport requirements, reports Yimba.sk.

Workspace provider HB Reavis has announced the extension of a €160 million investment loan for the next 5 years.

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.