NEWS

- HB Reavis Group on Wednesday made a deal with City of Brno representatives for exchange and purchase of lands at the Jižní Centrum Brno location. By completing a swap agreement the company gained strategically significant lands having an area of over 17,000 sqm, thereby boosting its position on the Czech real estate market.

”The acquisition of the lands in question is of high importance to us. We understand very well the strategic position and the future development potential offered by the Jižní Centrum location. We are pleased that we have managed to acquire for our investment projects lands outright in the space outside the station of the upcoming rail junction Europoint Brno, including the area beneath the upcoming high rise which is to be a dominant of the city,” explains Roman Karabelli, spokesman of the investor.

HB Reavis Group plans on developing a multi-functional center in the newly-acquired area. The development launch is subject to undertaking the urban infrastructure which is being prepared by the City of Brno.

For more information contact:

Roman Karabelli
HB Reavis Group, a.s.
Prievozská 4/A, 821 09 Bratislava
Tel.: +421 2 58 30 30 30
Fax: +421 2 58 30 30 00
Cell phone: +421 905 972 912
E-mail: karabelli@hbreavis.sk
www.hbreavis.sk

HB Reavis Group is a company which has operated on the Slovak market since 1993, expanding over last year into the Czech Republic and Hungary. Its highest-profile completed developments include Aupark Shopping Centre, Apollo Business Center I and CBC I-II - all in the capital city. The investment plan running up to one and a half billion euros in Slovakia and the Czech Republic alone is dominated by the multi-purpose Twin City and the office compound CBC III-V. Following its successful execution of the Aupark shopping and entertainment complex in the capital city, HB Reavis Group has elected to develop Auparks not only in other Slovak regional cities but also in the neighbouring Czech Republic. Auparks will be erected in Žilina, Košice, Trenčín, Piešťany, Ružomberok, Brno, Ostrava, Hradec Králové, and Karviná.