Image: HB Reavis
Investment

Nivy Station in Bratislava: HB Reavis Receives Loan in the Amount of €175 Million

HB Reavis has obtained a syndicated loan in the amount of €175 million for the construction of the Nivy Station project in Bratislava.

The loan has been processed through a bank consortium of UniCredit Bank, Tatra banka, ČSOB, and Hypo-Bank Burgenland, and the transaction agent is UniCredit Bank. The first part of the loan was utilized by HB Reavis in December of 2018.

Nivy Station is designed as a project that combines a bus terminal, a shopping center with a marketplace, and several facilities for active rest and relaxation. It aims to create a place that meets the needs of a wide range of visitors and zone employees, which will provide modern space in the new heart of Bratislava.

The project is estimated to attract over 50,000 visitors a day. It also includes Nivy Tower, the adjacent administrative building, which has been under construction since May 2017. HB Reavis has already secured financing for the 125-meter high tower through VÚB bank. The leasable area of the Nivy Station project, including Nivy Tower, will be over 130,000 sq m.

The station was designed by British architecture studio Benoy in cooperation with Slovak architectural studio Siebert + Talaš. HB Reavis began construction works on the new station in October last year, and completion is scheduled for 2020. Nivy Tower is scheduled to be completed next year.

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