NEWS

Bratislava, 13.1.2012 – HB Reavis Group announces that it sold Aupark Tower office building in Bratislava to Heitman European Property Partners IV in December 2011, for a total consideration of €85.6m. The transaction was priced at a competitive yield reflecting the quality of the asset and valued the building at capital value of over €2,600 per square meter of GLA.

“We are pleased with Heitman’s interest in Aupark Tower which proves the continuing attractiveness of our assets. The disposal proceeds will further increase our firepower to acquire new development opportunities, primarily in Poland and the Czech Republic”, said Pavel Trenka, HB Reavis’s COO & Head of Strategy. Marian Herman, HB Reavis’ Head of Investment Management & Capital Markets added “We remain convinced that Aupark Tower is an excellent fit for Heitman’s high-quality international portfolio and this acquisition proves the attractiveness of Bratislava’s office sector for the international institutional investors”.

Launched in 2008, Aupark Tower comprises approximately 32,500 square meters of GLA and is strategically located at the busy intersection of the inner-city beltway, conveniently connected to four major highway routes and across from the historic city center of Bratislava. The property is immediately adjacent to Aupark Shopping Center, recently acquired by Unibail-Rodamco. The building is fully leased to a strong tenant roster that includes O2, AT&T, ESET, KPMG, Procter & Gamble and Sanofi-Aventis.

For further information, please contact:

HB Reavis Group
Marian Herman, Head of Investment Management and Capital Markets
Tel +421 2 5830 3030, email: marian.herman@hbreavis.com

Roman Karabelli, Group Marketing Director
Tel +421 2 5830 3030, email: roman.karabelli@hbreavis.com