Xcity Investment looks for partners to conduct two projects

Polish State Railways want to conduct two investment projects within a special purpose vehicle called Xcity Investment. The development lands are located on the Oddziałów Młodzieży Powstańczej Sq. and in the district of Muchowiec.

The first of the schemes has already been presented last year. The investment land is located in the downtown, opposite the southern entrance of the Katowice main railway station. The Oddziałów Młodzieży Powstańczej Sq. is placed between tenements and a building of Polish Post, and now is used by several private bus transport companies. In the nearest future, PKP wants to build there a retail and office facility connected with the railway station (it is possible to enter the station’s platforms directly from the square). The project will be implemented in cooperation with a private partner. Xcity Investment is now prepared to start the negotiations concerning the undertaking.

„We have presented the investment scheme and now we are expecting to find the private partner. Only then we can invite the interested parties for negotiations. At present we prognoze the new investment would be delivered in 2020” – commented Katarzyna Mazurkiewicz, press spokesman of PKP.

PKP estimated the undertaking cost at EUR 5 million. The investment area covers 0,32 ha. Approximately 4 000 sq. meters of gross leasable space would be created within the project.

The second investment scheme, which is being prepared by Xcity Investment in Katowice, would be much larger. It is planned in the district of Muchowiec on 73 Pułku Piechoty St., in the neighborhood of the Katowice Forest Park („Katowicki Park Leśny”). „The investment area covers approximately 80 hectares. As it is in the case of all Xcity Investment schemes, the final development concept for this site will be chosen from propositions submitted by private partners. We are always open to investors ideas concerning the development of land parcels, which are dedicated for the projects” – explained Maciej K. Król, president of Xcity Investment. The company did not any statement about the schedule of the project.

Xcity Investment is part of PKP Group and was created to sell or commercialize the PKP portfolio of properties worth EUR 8,84 billion. On Friday, PKP’s management board member Piotr Ciżkowicz told that the company would list or offer Xcity Investment to a strategic partner by 2020.

© Xcity Investment; example arrangement of Oddziałów Młodzieży Powstańczej Sq.
© Xcity Investment; example arrangement of Oddziałów Młodzieży Powstańczej Sq.