PKP to develop new scheme in Warsaw

XCity Investment, a real estate developer included in PKP group will carry out a new retail and office building on Aleje Jerozolimskie, in the proximity of the West Station scheme, the company informed.

The value of the project is estimated at €134 million. It will feature 60,000  sqm of GLA space.

Currently, the headquarters of PKP Informatyka is located on the site, but due to the relocation of offices, the real estate will be ready to develop at the beginning of 2017, the web portal informed. Completion is scheduled for 2021.

XCity Investment has announced 15 office, retail, hotel and residential projects, valued in total at €618 billion, the media reported. The investments will be carried out in Warsaw, Katowice and  smaller cities such as Elbląg, Kłodzko, Koło, Koszalin, Kutno, Łowicz, Oleśnica, Chorzów, Bielsko-Biała and Skarżysko-Kamienna. Proceedings to choose investors will be launched within a few weeks.