Slovenská sporiteľňa – Erste Group subsidiary and the largest bank in Slovakia – signed a loan agreement to finance the construction of Twin City A in Bratislava. Slovenská sporiteľňa will provide a loan in the amount of EUR 27 million to developer HB Reavis. In autumn 2015, the first building of the Twin City project will offer 16,000 m² of top-class office spaces. The construction loan will cover the construction costs up to 75% and will be increased after final approval of the building. The maturity of the loan is six years and Slovenská sporiteľňa is the only bank financing the Twin City A building. Total investment costs of the project will amount to EUR 31.5 million.

Twin City A is one of the three office buildings of the first stage of Twin City. The future business district is in close proximity to the centre of Bratislava and easily accessible by all means of transport. In 2015 and 2016, the first stage of the Twin City project will offer almost 65,000 m² of modern office spaces, retail stores and services.

“Slovenská sporiteľňa has been our long-term financial partner as we successfully cooperated in financing of many of our important projects in Slovakia. Our continued cooperation in financing of the currently most significant Slovak project Twin City confirms the project quality and potential as well as the reputation of HB Reavis Group,“ said Marián Herman, member of the Management Board and CFO of HB Reavis Group.

”Partnership and mutual trust between Slovenská sporiteľňa and HB Reavis has existed for years. In challenging times, there are only few developers such as HB Reavis who are able to acquire top tenants, to react flexibly to their constantly increasing demands and to keep the word given to their partners,“ added Vladimír Krno, head of Real Estate and Project Finance of Slovenská sporiteľňa.

Buildings of the Twin City complex aspire to obtain the prestigious sustainability certificate BREEAM Excellent, which is rare in Slovakia. The buildings have to meet strict requirements for waste treatment, energy and water saving or luminance in offices. Plenty of indoor and outdoor greenery and general employee comfort is a must. Fulfilment of the demanding conditions of the norm also represents an objective and internationally acknowledged confirmation of the state-of-the-art quality of the project. The development of the Twin City project is divided into 12 stages which will be built step by step by HB Reavis. The final outcome of the project should be a modern business district offering an attractive work-life balance.

About HB Reavis Group

HB Reavis is an international real estate developer founded in 1993 in Bratislava, Slovakia. It operates in the key markets of Central and Eastern Europe (Poland, Czech Republic, Slovakia, Hungary), in the United Kingdom and in Turkey. The operations have so far yielded a total of 820,000 sq m of modern offices, shopping and entertainment spaces in addition to logistics facilities and a further 1 million sqm of developments are in the planning, permit or construction stages.