HB Reavis developer extends activities into Germany

The company announced two major acquisitions.

Alter SchlachthofAlter Schlachthof (Source: Courtesy of HB Reavis)

Germany is the sixth European country in which the Slovak developer HB Reavis is active. In mid-February it announced two major acquisitions in Berlin and Dresden totalling 3.5 hectares. The announcement followed only a few days after media reported on the sale of some HB Reavis projects in the Czech Republic.

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“This seems to be a logical step,” Michaela Machová, expert on real estate, told the Hospodárske Noviny daily. “Germany belongs among leaders of the European real estate market. And it is an advantage that despite a strong competitive environment, Germany is not too far geographically from Slovakia, where the developer is headquartered.”

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The first of the major acquisitions in Germany includes a two hectare site that will transform the former Alter Schlachthof site at Landsberger Allee 104 in Berlin into a new, well-connected business hub designed for the city’s creative and tech-led communities. Located between the vibrant district of Friedrichshain and Prenzlauer Berg, the site is just next to a major S-Bahn hub and only minutes from Alexanderplatz and downtown Berlin.

This development will provide a range of spaces flexibly designed to cater to everything from start-ups to large corporations. Plans also include conference and event facilities, fitness areas and retail.

The second site, in Dresden, will see the creation of a unique 1.6 hectare campus next to the city’s academic quarter.

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HR Reavis has to date delivered over 1.1 million square metres of commercial space and has further developments in the pipeline totalling more than 1.3 million square metres with a planned value of €7.1 billion in its core markets. HB Reavis is active, apart from Slovakia and Germany, also in the UK, Poland, the Czech Republic and Hungary.

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