PKP S.A. and the international developer HP Reavis will jointly build the Warsaw West Railway Station and the accompanying office centre. Yesterday (June 16, 2011) an investment agreement in that matter was signed. The parties plan to complete the project by the end of 2014 and later on to build a modern complex of buildings combining office, shopping and service functions. The cost of the whole project is 110 million.
"This is another investment of PKP S.A. prepared jointly with a private investor, similarly as in Katowice and Poznan. The Warsaw West Railway Station and the surrounding areas provide vast opportunities. Therefore, the railway station functions guaranteeing the European standard of travellers' service will be successfully combined with commercial functions," says Pawel Olczyk, President of the Management Board of PKP S.A.
Next to the station a modern business center will be built, consisting of seven office buildings (six six-story buildings and one 12-story building) of the total floorage of 54,000 m². Underneath a two-story underground parking lot for roughly 1,000 cars will be available for staff and tenants. The parking lot for passengers will be arranged from the side of Tunelowa Street.
The architectural concept by HB Reavis is only preliminary. The company plans to cooperate with local, experienced partners in order to create a complex of extraordinary architectural features, with the main assumption of simplicity and functionality. The complex will incorporate a lot of greenery and service outlets on the ground floors of the buildings, both for the office staff and the travellers.
The Warsaw West Project, similarly as the other projects of HB Reavis in Europe, will be prepared with special emphasis on environmental protection. In that regard HB Reavis will apply for the BREEAM certificate (energy certification system for office, commercial and industrial buildings).
The new Warsaw West Railway Station is the second project by HB Reavis in Poland. The investor has been building the Konstruktorska Business Center office building in the Mokotów District of Warsaw.
"Already with the first project we have vigorously entered the real estate market in Poland. Therefore, we are glad that shortly after the beginning of construction of the Konstruktorska Business Center and launching of a real estate investment fund in Luxembourg we are able to announce partnership with PKP S.A. in the execution of the Warsaw West Project," says Stanislav Frnka, Country CEO, HB Reavis