HB Reavis clinches Polish railway deal

HB Reavis has worked out an agreement with Polish railways company PKP for the re-development of the Warsaw West train station, along with the construction of an office center complex. The €110m deal was signed June 16 in Warsaw for the project, which is due for completion by the end of 2014. The seven new office buildings will offer 54,000 sqm of space with floor plates of 1,250 sqm and an entrance from the Aleje Jerozolimskie side.
“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 Poland.

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