HB Reavis buys land for first office project in Łódź

Image: HB Reavis

Developer HB Reavis, which in Poland has to date been only active in Warsaw, is now preparing to launch its first project in a regional office market in the country. The company has acquired a one-hectare site located in the downtown of Łódź, near the EC1 cultural and education complex and the Łódź Fabryczna railway station, on which it plans to build an office scheme with approximately 30,000 sqm of leasable space. HB Reavis is now in the process of selecting the design of the planned development through an architectural completion. The developer wants to apply for a building permit for the investment in the autumn of this year and launch construction work at the beginning of 2019. The project, which will involve the renovation of a number of historic structures sitting on the site and the construction of new buildings, is expected to be completed about one and half years later, said Stanislav Frnka, country CEO at HB Reavis Poland.

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