HB Reavis, a Luxembourg-registered developer operationally based in the Slovakian capital of Bratislava, is to expand into Britain and Turkey, opening branches there, and moving beyond its prior east European focus on Slovakia, Czech Republic, Poland and Hungary.
“At this time we are active in four countries in the CEE region, and have now decided to open new branches in London and Istanbul," said Chairman Ivan Chrenko in a release. "Our ever-developing activities also demanded a change in the group’s management.”
New CEO Pavel Trenka will be joined on the executive board by Jiří Hrbáček, who will remain group CFO and also be responsible for the legal department. Marcel Sedlák, to-date responsible for preparing HB Reavis's strategic entrance to the two new markets, will now manage development in Turkey and Slovakia as well as Poland. In addition, Róbert Kántor and Radim Římánek have been appointed to the executive board - the former responsible for construction and group asset management, and the latter responsible for operations in the Czech Republic, Hungary, and the new London branch. He will also continue heading leasing of office projects, IT and marketing. Viliam Pančík and Maarten Hulshoff remain members of the wider board along with Chrenko.
HB Reavis International has its headquarters in Luxembourg, but operates in Slovakia, Poland, Hungary and the Czech Republic. Since establishment in 1993, it has realised projects in office, commercial and logistics real estate, with total leasable area exceeding 670,000 sq.m. It employs 400 professionals, administers and develops assets of €1.4bn, and maintains a strong financial position with equity of €860m.