HB Reavis scores prestigious London acquisition

HB Reavis has acquired Elizabeth House, an office complex development project in London on the South Bank (formally known as One Waterloo) next to Waterloo Station. The property comes with a valid construction permit that allows for 88,000 sqm of space to be built. The Slovak-based developer acquired Elizabeth House from London & Regionaland Chelsfield. It's an office complex from the 1960's that's been set for reconstructionfor more than a decade. The new project involves the construction of two new buildings with 29 and 10 storeys offering a mix of offices and retail (70,000 sqm), and another 18,000 sqm of flats (142 units). HB Reavis is calling the deal its largest acquisition to date.