The project will include an office complex with 54,000 sqm of space Courtesy of HB Reavis

The Office of Competition and Consumer Protection (UOKiK) has agreed to international developer HB Reavis and Polish State Railways (PKP) jointly carrying out their planned railway station and office complex investment in Warsaw.

The two entities have been allowed to co-control a company called West Station Investment, which is expected to develop a new Warszawa Zachodnia (Warsaw West) railway station in the Polish capital, as well as build commercial space on the adjoining plots.

“After carrying out an anti-monopoly procedure the president of the Office decided that the [teaming up of HB Reavis and PKP] will not lead to a major limitation of competition,” reads a statement posted on UOKiK’s website.

The HB Reavis-PKP investment was announced in June last year after the two companies had reached an agreement concerning the development of a 1,250 sqm railway station and a complex of seven office buildings comprising a total of 54,000 sqm of space.

The whole project, whose total value is estimated at approximately €110 million, is expected to be built in a number of phases with the railway station scheduled to be completed by the end of 2014 and the office complex three years later.