Poland Central to build $260 million logistics center

"We will apply for the licenses to construct the first warehouse over the coming weeks," said Grzegorz Kielecki, Poland Central's president. The firm plans to construct over a dozen warehouses at a cost of roughly $260 million over the next seven to ten years at the 500,000 meter square site, with the UK's Ansbacher Bank financing the investment. According to local government estimates, the development will either create 4,000 jobs, if the center offers mainly traditional logistics services, or 7,000 positions, if service and manufacturing companies are attracted to the development. It has also been estimated that the use of sub-contractors could lead to a further 12,000 jobs being created. (Puls Biznesu, p. 6) M.M.