HB Reavis reports €107.5m profit for 2016

HB Reavis reports €107.5m profit for 2016

Published at: 2017-05-04 10:57 | Author: CIJEurope.com
HB Reavis Group reported a consolidated net profit of €107.5m in 2016. Despite a challenging political environment in Europe, influenced chiefly by Brexit, the developer achieved a record number of project completions and maintained a strong leasing performance.
“Thanks to the strong performance of our team, we have delivered the largest area of commercial space of 137,000 sqm in our history.The ultimate proof of the quality of our products can be seen in the discerning organizations and global brands which chose to invest significantly in our buildings,” said Pavel Trenka, CEO of HB Reavis Group.
“Solid leasing performance meant about 10,000 employees found a ‘new home’ in an HB Reavis building last year. With net leverage at 17.4 percent for the group, HB Reavis started the New Year in an extremely strong financial position. The team is looking forward with huge enthusiasm to continuing work on our flagship developments in Warsaw (Varso Place), Budapest (Agora) and Bratislava (the Stanica Nivy shopping center).”

Similar Stories:

Related Companies names David Zussman new CFO
David Zussman was promoted to CFO of The Related Companies. Zussman will oversee Related  »
Stone Point Capital buying Rialto Investment and Asset Management
An investment fund managed by Stone Point Capital signed a contract to buy Rialto Investme  »
J.T. Straub joins ACM’s real estate securities team as director
J.T. Straub was named director within AEW Capital Management’s real estate securities te  »
Jeff Gersh joins Trez Forman Capital Group as senior VP of finance
Jeff Gersh was named senior vice president of finance at Trez Forman Capital Group. In his  »