Slovak-based real estate developer and investor HB Reavis and Polish state-owned railway group PKP are partnering to build a mixed-use scheme and a railway station in the western part of Warsaw. The partners plan to invest a total of EUR 110 mln in the development of the project, which includes the Warsaw West Railway Station and a complex of seven buildings combining office, shopping and service functions.
Slovak-based real estate developer and investor HB Reavis and Polish state-owned railway group PKP are partnering to build a mixed-use scheme and a railway station in the western part of Warsaw. The partners plan to invest a total of EUR 110 mln in the development of the project, which includes the Warsaw West Railway Station and a complex of seven buildings combining office, shopping and service functions.
Phase I is planned for delivery by end-2014, with final completion expected for end-2017.
'This is another investment PKP has prepared jointly with a private investor, similarly to our projects in Katowice and Poznañ,' said Pawe³ Olczyk, president of PKP's management board. 'The Warsaw West Railway Station and the surrounding areas provide vast opportunities.'
The business centre will consist of six buildings over six floors and one 12-storey tower representing 54,000 m2 of total space, as well as parking spaces for roughly 1,000 cars.
The new Warsaw West Railway Station is the second project of HB Reavis in Poland, following construction of the Konstruktorska business centre in the Mokotów District of Warsaw. HB Reavis was advised by law firm Allen & Overy, Trusiewicz Siwko acted for PKP.
