ARTICLES LABELLED WITH TAG HB Reavis

P3 has acquired a second logistics park near Lovosice, in the Ústí region of the Czech Republic, from HB Reavis. The new park, to be known as P3 Lovosice Cargo, comprises a single 43,500 sqm warehouse which is fully let to a long-term occupier and houses all of its business operations, including offices. P3 Lovosice Cargo has a direct rail link to the nearby international rail freight container terminal. Its accessibility is further enhanced by connections to Exits 45 and 48 on the recently opened D8 motorway.

The Hungarian government plans to maximise the height of any building in Budapest at 65 metres, the minister leading the Prime Minister’s Office announced. János Lázár told journalists that there is a bill before Parliament that would ban the construction of buildings higher than 65 metres.

HB Reavis is simultaneously developing three buildings on the largest construction site in Warsaw city centre. The works on the diaphragm walls that will envelop the future basement storeys are nearing completion and a viewing platform has been opened for pedestrians to come and admire the spectacular excavation in progress.

The recently appointed CEO of HB Reavis Hungary firmly believes that new office developments should focus on employee wellbeing and he thinks that tenants will be ready to pay higher rental fees for extra services that will help decrease their turnover. Jan Hübner talked to Property Forum about his expectations for the future of the Hungarian market and about Agora Budapest, the company’s major new development in the capital.

HB Reavis’ flagship development in Warsaw’s city centre, Varso, has been awarded a WELL Core & Shell Precertification by the International WELL Building Institute. Through the introduction of solutions aimed at improving employee wellbeing at the building design stage, Varso is WELL Core & Shell Precertified at the Gold level, and could be awarded WELL Core & Shell Certification following final performance verification upon completion in 2020.

The handover of the second office building one month ahead of schedule completed the construction of the West Station scheme next to the Warszawa Zachodnia station. With an area of 38,000 sqm, the new building is one of the largest built in Warsaw this year. More companies have just shown their appreciation for its offices by leasing over 8,300 sqm of space.

HB Reavis has completed the issue of a new series of its PLN 500 million bond programme established for the Polish market, raising €51.9 million (PLN 220 million). This latest issue represents not only the largest tranche in the history of the HB Reavis Group but also the largest bond issue achieved by a commercial real estate developer in Poland this year.

HB Reavis has started the construction of the Stanica Nivy project in Bratislava. The Nivy Tower office building is the first to be built and is destined to become a landmark with the highest point reaching 125 metres.  The remaining construction of the scheme, which will include a new supra regional shopping centre, a modern marketplace and international bus terminal, will be launched in the summer.

HB Reavis has gained planning consent for its next new major development, Agora Budapest, situated next to city’s busiest boulevard and the Váci Road office corridor. Construction on the first building called Agora Hub has already commenced. Agora Budapest will be built in several phases and will comprise more than 136,000 sqm of modern office spaces and retail units by 2023. The project will require an investment of approximately HUF140 billion (€447 million).

HB Reavis announced that construction has commenced on Varso Place, its flagship development in Warsaw’s city centre. Plans for the 140,000 sqm mixed-use scheme include one of Europe’s tallest towers and two mid-rise buildings. Completion is scheduled for 2020.