HB Reavis

A Message from Lord Pickles and Lord Blunkett, followed by HB Reavis's best practice article

The ability to listen and learn from one another has always been vital in parliament, in business and in most aspects of daily life. But at this particular moment in time, as national and global events continue to reiterate, it is uncommonly crucial that we forge new channels of communication and reinforce existing ones. The following article from HB Reavis is an attempt to do just that. We would welcome your thoughts on this or any other Parliamentary Review article.

Blunkett signature Rt Hon The Lord David Blunkett
Pickles signature Rt Hon The Lord Eric Pickles

www.hbreavis.com

THE PARLIAMENTARY REVIEW
Highlighting best practice
16 | HB REAVIS
Kiran Pawar, UK development
director
I
nternational workspace provider, HB Reavis, constructs,
develops and manages buildings with one overarching aim: to
create remarkable real estate experiences for everyone. Kiran
Pawar, HB Reavis UK development director, explains how in
London the company is investing directly in the UK economy by
strategically developing workplaces that will attract businesses
of all sizes – from large international companies to start-ups – to
collaborate, prosper and grow.
Employees no longer simply value location: they now expect to work in spaces in
which they actually want to spend time and in positive environments where they
thrive. This really matters for business; it has been proven to boost the productivity,
performance and wellbeing of employees, so, at HB Reavis, we are ready to exceed
these expectations.
Founded in Bratislava in 1993, our international firm has successfully delivered
more than 11.4 million square feet of commercial space and we expect to deliver a
further 14.2 million square feet in the future. We have robust foundations for our
development programme, with capital presently exceeding £1.1 billion.
Committed to the UK
HB Reavis entered the UK in 2013 and we have quickly established ourselves in the
capital’s property market with a development portfolio featuring four major office
schemes in central London. We specialise in unlocking challenging sites throughout
Europe, revitalising places and maximising their potential as great assets for
communities, businesses and cities.
FACTS ABOUT
HB REAVIS
»International workspace
provider, established in 1993
»Based in London with offices
in Germany, Poland, Czech
Republic, Hungary and Slovakia
»Services: Real estate
development, one of Europe’s
largest
»No. of employees: Over 700
»Around 66,500 people use our
projects as their place of work
»As an asset manager, we
continuously improve a
portfolio of services, enjoyed
by almost 450 clients who
have 30,000 employees
»Successfully delivered over
11.4 million square feet of
commercial space
HB Reavis
33 Central, HB Reavis’ first London
development, in the heart of the City
17HB REAVIS |
BEST PRACTICE REPRESENTATIVE 2018
In December 2017, we completed
on the sale of 33 Central, a
226,000-square-foot brand-new office
building, to major US bank Wells Fargo.
This was one of the largest single City
office deals of 2016, achieved less than
a month after the EU referendum.
We have also recently completed the
refurbishment and extension of Cooper
& Southwark, a 78,000-square-foot
office building in central London. This
transformed a dated building into an
international-standard workplace; one
that has already attracted CBRE’s Global
Workplace Solutions division, part of the
world’s largest commercial real estate
services and investment firm, who let
the building in its entirety in April 2018.
This was followed swiftly by our
delivery of 20 Farringdon Street, an
85,000-square-foot new office building
which completed in spring 2018. This
asset supports the growing strength
of London’s “Midtown” economy,
currently experiencing a boost thanks to
Crossrail’s arrival at Farringdon station.
Our fourth and largest purchase in
London to date is Elizabeth House,
Waterloo, a 1960s building located
strategically between the UK’s busiest
railway station and the South Bank,
Europe’s largest cultural quarter. Over
100 million passengers use Waterloo
station annually, with an increase to
130million expected by 2020. The
site needs redevelopment in order to
help alleviate the station’s capacity
issues and to revitalise an area which,
since the 1980s, has seen a significant
decline in employment rates. Having
acquired the building in May 2017,
we intend to deliver and remain long-
term owners of a unique development
around the station to revitalise this
area of outstanding culture.
Working with Allford Hall Monaghan
Morris, Stirling Prize-winning architects,
our proposals for Elizabeth House will
create office space with the ambition to
support around 13,000 jobs for start-
ups, SMEs and major corporate bodies.
Smart approach
Our innovative business model
brings special advantages. As a fully
integrated developer, we handle the
majority of the development process
in-house – this spans from acquisition
and construction to quantity surveying,
leasing and servicing; we also act as an
investment manager.
Radim Rimanek, our deputy CEO,
noted: “As one of the very few
integrated developers, we’re free to be
more agile and intuitive, so we have
more control over the quality, speed
and sophistication of our projects. This
allows us to bring disruptive solutions
to our clients. We will continue making
bold decisions that create long-term
value – and meet the demands of the
office leasing revolution.”
With schemes in significant sites
across central London, we have
extensive experience of working with
major public bodies such as TfL, and
an in-depth understanding of the
constraints and sensitivities of high-
profile developments. At Elizabeth
House in particular, we are working
with key stakeholders, including
Lambeth council, to develop a scheme
that truly meets the needs of the
local community and maximises the
opportunity of the site to benefit the
local economy and community alike.
Agora Budapest will
provide an office-led
campus, unlocking
jobs for around 12,000
people
20 Farringdon Street,
a new office-led
development in the
heart of London’s design
district
We will
continue
making bold
decisions that
create long-
term value
THE PARLIAMENTARY REVIEW
Highlighting best practice
18 | HB REAVIS
We bring extensive experience from
our major overseas projects where
we use the best architects, firms
that are frequently British. Examples
include Varso Place, Warsaw,
where internationally renowned
UK architects Foster + Partners are
designing central Europe’s tallest
tower, Agora Budapest, a significant
new commercial development by
UK practice MAKE Architects that
will support regeneration of the
city’s office market, and Nivy Tower
and Station, Bratislava, a mixed-use
complex comprising a transport hub,
shopping centre and rooftop gardens.
Innovation
Our developments attract the most
discerning occupiers, from world-
leading employers to dynamic start-
ups. Our offices therefore enhance
occupants’ wellbeing to improve
productivity and happiness, with
features such as air filtration, circadian
lighting and an emphasis on green
space. For example, 33 Central
features a beautifully planted roof
garden and both Cooper & Southwark
and 20 Farringdon Street incorporate
terraces with spectacular views.
Projects acquired from 2017 onwards
will be built to the newly developed
global WELL Certification standards.
Strategic partnerships are being
used to further innovation. Earlier in
2018, we became the first European
developer to join the US-based Well
Living Lab, the world’s first scientific
research centre dedicated to analysing
wellbeing and indoor environments.
We have also partnered with Cambridge
Innovation Center, a US real estate
services company that develops
business ecosystems where exceptional
entrepreneurs create new products
and companies better and faster.
Marian Herman, our CEO, remarked:
“Our alliance with Cambridge
Innovation Center directly supports our
strategy of partnering with innovation
and workspace specialists to provide
outstanding workplace solutions for
businesses of all sizes.”
We’ve launched services that put us at
the forefront of occupiers’ emerging
needs too. These include HubHub,
a co-working space for start-ups and
scale-ups through to large corporates
with a programme of educational
events, and Origameo, a workplace
consultancy staffed by designers,
architects, social scientists and business
experts.
Our leading-edge nature is best
demonstrated in our events series,
Talks by HB Reavis, which features
some of the world’s most exciting
leading thinkers. These have previously
included happiness guru Mo Gawdat,
formerly of Google X, and sound expert
Julian Treasure of The Sound Agency.
Looking ahead
This is an exciting time for HB Reavis,
and we are making a real difference
in London. With a strong portfolio
of completed developments and
the prospect of Elizabeth House
on the horizon, as well as a focus
on innovative services, we plan
to continue to grow in the UK,
creating places that boost happiness,
motivation and productivity for
everyone’s benefit.
Our
developments
attract the
most
discerning
occupiers,
from world-
leading
employers to
dynamic start-
ups
Innovation: HB Reavis
has its own co-working
offering, HubHub

www.hbreavis.com

This article was sponsored by HB Reavis. The Parliamentary Review is wholly funded by the representatives who write for it. The publication in which this article originally appeared contained the following foreword from Rt Hon Kwasi Kwarteng.

Rt Hon Kwasi Kwarteng's Foreword For The Parliamentary Review

By Rt Hon Kwasi Kwarteng

This year’s Parliamentary Review reflects on a tumultuous and extraordinary year, globally and nationally. As well as being an MP, I am a keen student of history, and I am conscious that 2020 would mark the end of an era. It will be remembered as the year in which we concluded Brexit negotiations and finally left the European Union. Above all, it will be remembered as the year of Covid-19.

In our fight against the pandemic, I am delighted that our vaccination programme is beginning to turn the tide – and I pay tribute to the British businesses, scientists and all those who have helped us to achieve this. But the virus has dealt enormous damage, and we now have a duty to rebuild our economy.

We must ensure that businesses are protected. We have made more than £350 billion available to that end, with grants, business rates relief and our furlough scheme supporting more than 11 million people and jobs in every corner of the country, maintaining livelihoods while easing the pressure on employers. The next step is to work with business to build back better and greener, putting the net zero carbon challenge at the heart of our recovery. This is a complex undertaking, but one which I hope will be recognised as a once in a lifetime opportunity.

Through the prime minister’s ten point plan for a green industrial revolution, we can level up every region of the UK, supporting 250,000 green jobs while we accelerate our progress towards net zero carbon emissions.

With our commitment to raise R&D spending to 2.4% of GDP and the creation of the Advanced Research & Invention Agency, we are empowering our fantastic researchers to take on groundbreaking research, delivering funding with flexibility and speed. With this approach, innovators will be able to work with our traditional industrial heartlands to explore new technologies, and design and manufacture the products on which the future will be built – ready for export around the globe.

And I believe trade will flourish. We are a leading nation in the fight against climate change. As the host of COP26 this year, we have an incredible opportunity to market our low-carbon products and expertise. Our departure from the EU gives us the chance to be a champion of truly global free trade; we have already signed trade deals with more than 60 countries around the world.

As we turn the page and leave 2020 behind, I am excited about the new chapter which Britain is now writing for itself, and for the opportunities which lie ahead of us.
Rt Hon Kwasi Kwarteng
Secretary of State for Business, Energy and Industrial Strategy