The HB Reavis developer group is likely to sell three lucrative Prague land plots within a few months. The biggest investors are interested in real estate.
International real estate developer HB Reavis has announced the successful completion of its first unsecured CZK 1.25 billion (EUR 46.2 million) bond issue on the Czech capital market. This brings the total funds raised by HB Reavis through the Central European capital markets since November 2013 to almost EUR 150 million.
HB Reavis’ Metronom Business Center has secured another client. The international biopharmaceutical company AbbVie, which is involved in the research and development of new medications, has moved from its former office on Evropská Street to 1,600 sq m of HB Reavis’ scheme, located in Prague 5. After the recent record-breaking lease of 24 900 sq m to SAP, the Metronom building is now more than 90 percent occupied.
The HB Reavis group named Petr Herman to the function of Director for the Czech Republic. Until now Mr Herman worked in the position of Business Development Director, and in the last six months he was entrusted with the management of the entire Czech branch. He formerly received experience in upper management positions in Stival Holding, Passerinvest Group and K.P.A.R. consulting.
HB Reavis, the leading commercial property developer in Central and Eastern Europe which entered the London market in 2013, has scooped two industry awards for its prime City of London development, 33 Central.
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