HB Reavis secures €58 mln bank financing

HB Reavis Group has secured a €58 million loan from Bank Pekao for the refinancing of costs related to the acquisition and construction of its office building at Postępu 14. This development, currently underway in the Warsaw district of Mokotów, will provide the local property market with 34,455 sqm of modern grade A office space. It is on schedule for completion in June, HB Reavis announced. "We appreciate this financial commitment from Bank Pekao S.A., which confirms not only the quality and potential of our investment, but also the reliability of HB Reavis as a trusted business partner," said Stanislav Frnka, CEO, HB Reavis Poland. Postępu 14 is a modern grade A office complex located in the heart of Mokotów’s business district, at the intersection of Marynarska and Postępu streets, near the Galeria Mokotów shopping center, the Frederic Chopin International Airport and the southern Warsaw ring road.