PKP plans €350 mln development project in Warsaw city center

Xcity Investment, a real estate subsidiary of PKP is going to build office space worth €350 mln in the Warsaw city center, the company informed. The project, named "Centralna Park," will be located between the following thorougfares: Chmielna, Żelazna, Aleje Jerozolimskie and Aleja Jana Pawła. Besides office space, it will include commercial space as well. PKP is also not excluding establishing hotel facilities on location. The main part of the investment area will be a 200-meter skycraper, located at the corner of Aleja Jana Pawła II and Aleje Jerozolimskie. The construction is to be launched in 2018.