PKP and GD&K to develop 21,100 sqm office scheme in Kraków

State-owned railway operator PKP and real estate developer GD&K Investment have applied to the anti-monopoly watchdog (UOKiK) for establishing a joint venture in order to carry out an office scheme in the Kraków Old Town, UOKiK informed. The construction on the 21,100 sqm scheme will launch in 2017. The complex will be developed in two stages, propertynews.pl reported. The total value of the investment is to reach €55 million. GD&K Group is a Polish developer founded in 1998 covering Kraków and Warsaw market.