HB Reavis Group sums up the previous year

Postępu 14 - one of the projects completed in 2015
Postępu 14 - one of the projects completed in 2015
HB Reavis Group recorded very good financial and operational results in the previous year due to e.g. record-breaking achievements in lease or realization in accordance with assumptions of new projects.

HB Reavis recorded very good financial and operational results in the previous year due to e.g. record-breaking achievements in lease of space. The company concluded lease contracts for almost 200 000 sq. m of gross leasable area (GLA) in 2015, which is 43 per cent more than in the previous year. The Group owes such good results to realization in accordance with assumptions of new projects. HB Reavis completed 4 office investments located in three European capitals – Warsaw, Prague and Bratislava in 2015, whereas last year the company realized 7 office projects and one commercial project with a target gross development value (GDV) amounting to more than 1 billion euro. 

 

The effort of the whole team translated itself into best financial results in the history of HB Reavis Group. I believe that these results confirm effectiveness of our strategy. We invested a lot of work in differentiating our projects and creating office areas adjusted to the individual needs of our clients – Pavel Trenka, CEO and Chairman of the Board of HB Reavis Group, says. 66 new clients and about 15 000 employees decided to develop their business activity in our structures last year. It is great honor for us to be their partner, but also huge responsibility to provide their businesses and employees with a chance for development in our buildings – Trenka adds.

 

Among key achievements in lease of HB Reavis Group in 2015 it is worth mentioning the signage of a contract within which SAP rented 27 322 sq. m of space with the possibility of further expansion in the Metronom Business Center complex in Prague. Interestingly, it is the biggest lease contract in the history of HB Reavis. However, the biggest agreement of the Group on the domestic market is lease of 19 226 sq. m by PZU in the Warsaw Konstruktorska Business Center office, which was concluded in 2015. Moreover, the most important completed realizations are the building of Postępu 14, the building C in the Warsaw Gdański Business Center complex, Metronom Business Center in Prague and the building A of Twin City in Bratislava.

 

In spite of uncertainty due to market situation in Great Britain and Poland, we expect that other markets will bring us diversification and prosperous outlook. In order to increase our geographical scope we conducted a strategic analysis of possible options for expansion. We believe that we will manage to include another market into our portfolio next year. Moreover, we are planning to commence three big and prestigious investments in 2016 – the highest class skyscraper in the city center of Warsaw, the project called „city within a city” in Budapest as well as the shopping mall Nivy Mall in Bratislava – Pavel Trenka adds.

 


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