Patience makes perfect

Feature
When some investors sense that the market has peaked, they sell. Then they take the cash and wait for the right moment to buy. This is A strategy that seems to work because, in a quarter of a century, a small real estate agency evolved into a large developer and investor operating in both Central and Western Europe. What’s next? Pavel Trenka, the group CEO of HB Reavis, and Stanislav Frňka, the CEO of HB Reavis in Poland, tell us all about it
Tomasz Szpyt-Grzegórski, ‘Eurobuild Central & Eastern Europe’: This year marks the 25th anniversary of HB Reavis’ existence. What have you managed to achieve in this time? And how does the company plan to celebrate? Pavel Trenka, group CEO, HB Reavis: We started as an agency, but after a few years we began to operate as a developer – if only a local one at first, but later we became Central European and now we are international. Our ambition was to function differently than other companies – to set trends and find new ways to do business. We don’t know yet whether or how we will celebrate the anniversary. We’ll talk about it with our shareholders. What was 2017 like for the company? Pavel Trenka: We don’t yet have a financial summary of the year, but I can say that we probably maintained our average performance from previous years. We have had ups and downs, some projects were delayed – that’s nothing special in thi
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