PKP spins off real estate company with assets set to reach PLN 24 bln in 2018

Polish Railways PKP has spun off a real estate subsidiary called XCity Investment, which will replace the group’s investment department. PKP will transfer to the new company land as well as 14 planned investments and two that are currently under construction. PKP board member Jarosław Bator said XCity Investment will have an asset portfolio worth…

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