Companies from PKP Group – PKP S.A. and Xcity Investment – and from Ghelamco Group are resuming cooperation that was interrupted years ago. An annexe to the investment agreement has been signed, which will enable the resumption of preparations for large-scale joint investment. It will include the construction of a new Warszawa Gdańska railway station and a complex of four mixed-use commercial buildings with an estimated total area of about 100,000 sqm.
The usable area of the station itself will be about 1,900 sqm. The project is to be divided into 5 phases. Four of them are the so-called commercial phases. This means that there will be one building with business functions within each of them. Phase 5 will include the construction of the new Warszawa Gdańska railway station. This will create a business centre with rail and underground connections.
“Since the beginning of its history, the railroad has had a strong impact on its surroundings. New neighbourhoods and entire cities emerged around it, factories were built. Even today, the railroad can and should perform city-forming functions. The properties managed by PKP have enormous potential; many of them – such as Warszawa Gdańska – have excellent locations: in city centres and well-connected places. Projects implemented with third-party investors are a good direction to unlock this potential in the right way”, said Andrzej Bułczyński, Member of the Management Board of PKP S.A. and PKP Group.
“The Warszawa Gdańska development project, which is at the center of our recent activities, is a strategic investment for the Xcity company. The construction of a modern office and service complex together with a new railway station will not only meet the growing needs of the market but will also contribute to the development of this part of the city. Thanks to the combination of an excellent location, modern architecture and extensive infrastructure, our project will become the new business centre of Warsaw”, said Ireneusz Gliszczyński, CEO, Xcity Investment.
The undertaking within the Warszawa Gdańska area will be carried out as part of a so-called developer project. This is an approach under which PKP S.A. – the owner of the land – contributes the land to the project, while the investment is carried out by Xcity Investment, a company established for this purpose within the PKP Group, and an external partner – Ghelamco Group.
“As a company that has in its portfolio such landmarks of modern Warsaw as Warsaw Spire with European Square, Warsaw UNIT and the skyscraper currently under construction, The Bridge, we have many years of experience in the development of mixed-use, city-forming projects and business centres. We are very excited to resume our cooperation with PKP, as we see great potential in the Warszawa Gdańska station for creating a valuable space that will address the needs of Warsaw residents, businesses and passengers of modern Polish railroad”, says Jarosław Zagórski, Managing Director, Ghelamco Poland.
