ECO HB Reavis with a new credit

Twin City A office in Bratislava - visualization
Twin City A office in Bratislava - visualization
HB Reavis obtained financing for building of Twin City A in Bratislava. The credit agreement with the value of 27 million euro was signed with the biggest Slovakian bank.

The Twin City A office is the first building realized by HB Reavis within the first stage of the Twin City complex in the city center of Bratislava. Today, the investor informed about concluding a contract with the Slovenská sporiteľňa bank amounting to 27 million euro. It includes a construction credit for covering of 75 per cent of the building costs and it will be additionally increased at the final acceptance stage of the structure. The period of the credit repayment ends in 2021 and the total cost of the investment amounts to 31.5 million euro.

 

Twin City A will offer almost 16 000 sq. m of office area, the commission of which is planned on autumn 2015. The total HB Reavis complex will be composed of three buildings certified in the BREEAM system with the Excellent grade. They will jointly deliver almost 65 000 sq. m of office, commercial and service area on the Slovakian market in this as well as following year. 

 

We have been cooperating with Slovenská sporiteľňa for many years. We jointly realized many projects in Slovakia. The engagement of the bank in our newest investment confirms high quality and potential of Twin City as the most prestigious complex realized in Slovakia as well as credibility and reputation of the whole HB Reavis Group – comments Marián Herman, Member of the Board and Financial Director, HB Reavis Group.

 

Partnership and common trust are the fundamental elements of perennial cooperation between Slovenská sporiteľňa and HB Reavis. Nowadays, there are less and less developers on the market who are able to gain crucial tenants and know how to keep the word given to partners as well as adjust their offer to constantly increasing demands – says Vladimir Krno, Chairman of Department for Properties and Financing of Projects, Slovenská sporiteľňa. 

 

Twin City project was divided into twelve stages. As a target, a modern business district is going to be realized. It will be created in accordance with the philosophy ‘work-life’ balance. Except for office, commercial and service areas, there will be also numerous green areas with elements of small architecture and spacious underground garage for bicycles.

 


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