HB Reavis no longer seeking new projects in Slovakia
Developer HB Reavis (Ivan Chrenko) is reducing activities in Slovakia and will focus on foreign markets (UK, Germany, and Poland). However, it will keep the existing projects such as Nivy and Nové Apollo, which will be managed by its new subsidiary. Last spring, it sold land for the Nové Lido project in Bratislava (the buyer was Penta) and is also selling land in Mlynské Nivy, where it planned a residential project. The developer therefore axed jobs in Bratislava. Its total staff will drop from 750 to below 500 within two years.
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