HB Reavis will build office complex in Warsaw

HB Reavis has signed a contract with the subsidiaries of Cyfrowy Polsat, concerning construction of an office section of the multi-functional Port Praski complex in the area of Krowia, Sierakowskiego, Wybrzeże Szczecińskie, and Okrzei streets in Warsaw. Let us recall that the entire complex, the concept of which has been developed by JEMS Architekci and APA Wojciechowski, is going to entail the construction, on a 38-ha property, of flats with a total area of 160,000 sqm, 190,000 sqm of office space (in the area of the Metro Stadion Narodowy station), and a shopping center (90,000 sqm). The signed contract concerns selling 50% of shares in Port Praski City II and Port Praski Medical Center companies for approx. 24.3 million euro in total. Greenberg Traurig law firm was the consultant during the transaction. ■