Press

PKP S.A. (The Polish State Railways) puts up for sale three plots located in the core centre of Warsaw - at Chmielna and Al. Jana Pawła II streets. The official announcement has been made today (14 September 2011). The tender procedure is organized and coordinated by Cushman & Wakefield, a global commercial real estate advisory firm.

The owner of the property is the State Treasury, and its perpetual usufructuary is Polskie Koleje Państwowe S.A. (The Polish State Railways). The sale of the properties will be made in a form of an oral tender.

The subject of the first tender procedure will be the right of perpetual usufruct to the land comprising two plots of a total area of 9,767 sq.m (no. 33/4 and 33/5, district 6-01-10) with ownership rights to buildings and improvements on the land. Asking price is net PLN97m.

The subject of the second tender procedure will be the right of perpetual usufruct to the land of an area of 7,411 sq.m (no. 33/3, district 6-01-10) with ownership right to buildings and improvements on the land. Asking price is net PLN74m.

The subject properties are located in the core centre of Warsaw at the junction of Chmielna street and two main arterial routes - Al. Jana Pawła II and Al. Jerozolimskie. There is the Palace of Culture and Science, the main railway station and Złote Tarasy retail-office complex in the direct neighbourhood. Central location provides convenient access to all means of transport.

The offered properties are unique in terms of their location in Warsaw's Central Business District, size, shape and legal status. Currently the area where the subject properties are located is not covered by a local development plan. According to the adopted planning study the subject properties are suitable for mixed use, allowed for the development height over 30 m. Sample development concepts have been prepared, where land use is residential, services and office development comprising around 44,000 sq.m of leasable/sale area for the first two plots and 46,000 sq.m for the third plot.

Polskie Koleje Państwowe S.A. (The Polish State Railways) is the owner and manager of over 100,000 hectares of properties in Poland, including buildings and land plots suitable for residential, industrial, services, recreational development as well as commercial units in residential buildings, office buildings, summer cottages, warehouses, water-towers, storage and parking yards. These are designated for sale, lease and tenancy purposes. Railway stations account for the largest share of the company's assets (over 2,500).

Polskie Koleje Państwowe S.A. is the dominant company within PKP Group. It was founded in 2001 as a result of restructuring of the former state-owned firm Polskie Koleje Państwowe. The sole stockholder of the company is the State Treasury. The company is responsible for coordination of restructuring and privatisation processes of PKP Group properties.