The deal for 33 King William Street in EC4 is the central European property investor’s first in the UK and marks the beginning of its expansion into the London office market.

HB Reavis intends to demolish the current building once the current occupant’s lease expires in June 2014 and begin construction right away on a speculative basis.

The site has planning consent for a 9-storey office building of 230,000 sq ft, designed by John Robertson Architects.

HB Reavis was advised by Knight Frank and Norton Rose Fulbright.

Tomaš Jurdák, Director of HB Reavis UK, said: “We see this project as a unique opportunity, with an exceptional office building in an excellent location.

“Our intention is to continue investment in additional high-quality development opportunities in London into 2014. We look forward to establishing our company as an active contributor to London’s world class real estate community.” 

In 20 years the firm has become the leading commercial real estate developer in Slovakia, Poland, the Czech Republic and Hungary.

HB Reavis has delivered more than 7m sqft of leasable area, including nine significant office projects, four shopping centres and five logistics centres.

The company employs a fully-integrated business model, which includes construction management, leasing, asset management, and investment management.