Semeko Investment Group will partner with the Polish State Railways PKP to develop a 14 ha plot in Gdynia. Called Międzytorza, the project will cost €700m and will neighbor Plac Kaszubskiego in the city center. The investment is a complex revitalization of residential space, with office, hotel and retail components. Międzytorza will be delivered in several stages, with completion set for 2026. The investor expects to launch the first phase of the project in 2016.
Earlier this month, PKP announced it has established an investment vehicle called Xcity. The company will cooperate with developers to commercialize the state-owned company’s enormous land bank. PKP investment director Maciej Król will head the new division.
