Investment of HB Reavis in Czech Republic

Visualisation of The River Garden Office
Visualisation of The River Garden Office
The HB Reavis Group bought land in Prague. Next stages of The River Garden Office will be constructed there.

The purchased property in located in the Karlin that is said to be a dynamically developing business district. The River Garden Office II and III will adjoin the first stage of the investment. They will offer 24 000 sq. m of rental space. All stages will form the huge River City complex (the name comes from the location of the property, along the Wełtawa River).

Marcel Kasanický, CEO of HB Reavis, says: We are very pleased with the fact that we concluded the agreement with the Austrian developer who owned the property. We know from experience that this localization is very popular for companies looking for A-class offices that meet the highest standards. Currently, we can confirm that we are planning to realize three other transactions of the same size in Prague by the end of this year.

The opening of the building is scheduled for the first quarter of 2014.

Tags: HB Reavis
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