HB Reavis Group has announced the acquisition of the River Garden Office West project in the Karlín cadastral area in Prague. By completing this transaction the company has acquired a plot of land of strategic importance in an attractive administrative zone located about 200 meters from the underground line B, station Køiíkova.
"Acquisition of the River Garden Office West project at the East bank of the river Vltava in one of the most dynamically developing locations is of great symbolic importance to us. Along with some logistics projects and the upcoming construction of shopping and entertainment centres in Hradec Králové and Brno, this gave us the opportunity to strengthen our presence in the capital of the Czech Republic. The construction is scheduled to start almost immediately - in August 2010. The building will be ready for use in May 2012, at the latest," explains tefan Duchoslav, CEO of HB Reavis Group CZ.
The modern building designed by the David Chipperfield Architects (Germany) and EM2N (Switzerland) will become an integral part of the developing location which is already home to numerous large corporations, such as Allianz, Deloitte, Kapsch, KPMG, Mediatel, Panasonic, Procter & Gamble or Rolls-Royce International.
Source: HB Reavis Group