NEWS

Following intense negotiations, HB Reavis Group yesterday made with Plaza Centers Czech Republic an agreement for purchase of the old customs office building on Zamenhofova Street in Hradec Králové. The property in question is located on a 797 sqm lot close to HB Reavis Group, a.s., owned lands. Thanks to its current acquisition the investor will gain access to the state-owned land to expand the Aupark shopping and entertainment centre area.

”As early as our bid made last year did we declare that for the Aupark project we would reckon also with the area beneath the now-defunct customs house and that we would seek its acquisition. Today we are pleased to state that we have managed to make an agreement with the building owner thanks to which we will be able to shortly redesign our project so as to deliver more optimal functional usage of the building. For future centre visitors this will imply access to a wider-ranging portfolio of services, better possibilities of parking and also relax,” appreciates the concluded agreement Roman Karabelli, PR officer for the investor HB Reavis Group CZ.

The Aupark shopping and entertainment center project has been under the planning permit documentation development stage. After its scheduled completion in 2011, the center will offer about 24,000 m2 or so in area, 730 parking spaces, and extensive shopping, catering, entertaining or sporting and cultural opportunities.

For more information contact:

Roman Karabelli
HB Reavis Group, a.s.
Prievozská 4, 821 09 Bratislava
Tel.: +421 2 58 30 30 30
Fax: +421 2 58 30 30 00
Cell phone: +421 905 972 912
E-mail: karabelli@hbreavis.sk
www.hbreavis.sk

HB Reavis Group is a company which has operated on the Slovak market since 1993, expanding over last year into the Czech Republic and Hungary. Its highest-profile completed developments include Aupark Shopping Centre, Apollo Business Center I and CBC I-II - all in the capital city. The investment plan running up to one and a half billion euros in Slovakia and the Czech Republic alone is dominated by the multi-purpose Twin City and the office compound CBC III-V. Following its successful execution of the Aupark shopping and entertainment complex in the capital city, HB Reavis Group has elected to develop Auparks not only in other Slovak regional cities but also in the neighbouring Czech Republic. Auparks will be erected in Žilina, Košice, Trenčín, Piešťany, Ružomberok, Brno, Ostrava, Hradec Králové, and Karviná.