HB Reavis enters German market

Deals

Regional real estate development company HB Reavis has announced its entry to the German market by acquiring two strategically important development areas in Berlin and Dresden, according to a press release sent to the Budapest Business Journal.

The Berlin acquisition, currently occupied by slaughterhouses (photo: Manuel Frauendorf)

The two acquisitions have a total area of around 3.5 hectares. HB Reavis says it plans on erecting buildings that can accommodate office complexes, community offices, startups, and large corporates, all under the aegis of well-being and increasing productivity.

With the move, Germany becomes the sixth country where HB Reavis is active, after the U.K., Poland, Slovakia, the Czech Republic, and Hungary.

According to the companyʼs plans, the two -hectare plot in Berlin will transform the earlier area of Alter Schlachthof into a new business hub for the cityʼs creative and tech communities with excellent transport connections. The location is just a few minutes away from Alexanderplatz, one of Berlinʼs largest S-Bahn (urban rail service) hubs. The development will involve venues for conferences and events, gyms, and space for retail units as well.

The second, 1.6-hectare location in Dresden will be developed as a unique campus right next to the cityʼs university district, the press release says.

ADVERTISEMENT

Pandemic has only moderate impact on big companies Analysis

Pandemic has only moderate impact on big companies

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.