HB Reavis is an international real estate developer founded in 1993 in Bratislava. It operates in the UK, Poland, the Czech Republic, Slovakia, Hungary and in Turkey. Its operations have yielded a total of 917,500 sqm of offices, retail and entertainment spaces in addition to logistics facilities. HBR relies on an integrated business model covering development, construction, property and investment management. It has total assets of €2.1 billion, with a net asset value of almost €1.2 billion.
Name of the deal
Sale of Gdański Business Center I
Value of the transaction (in EUR)
186 mln EUR
Yield
-
Consultancy which advised Seller
JLL, Cushman & Wakefield and Greenberg Traurig advised HB Reavis on the deal
Purchaser, plus brief information about the company
Savills Investment Management is an international real estate investment manager with offices in Copenhagen, Frankfurt, Hamburg, Hong Kong, Jersey, London, Luxembourg, Madrid, Milan, Munich, Paris, Singapore, Stockholm, Sydney and Tokyo. As at 31 March 2016, Savills Investment Management managed a total of c.€17 billion of assets.
Consultancy which advised Purchaser
Savills, Clifford Chance and K+S Ingenieure advised Savills Investment Management.
Financing institution
-
Current occupancy level
100%
Please say why this deal should be considered for the award
One of the largest investment deals of the year in Poland and also in Central and Eastern Europe amounted to €186 million. The transaction came shortly after HB Reavis sold its Konstruktorska Business Center to Golden Star Estate B.V. in the developer’s first divestment in the Polish market. HB Reavis strong transaction track record this year across number of markets, has demonstrated not only the quality and attractiveness of its assets, but also persisting confidence of institutional investors in the European markets despite the recent uncertainties across Europe following the UK’s vote to leave the EU.
