Europe-based Meyer Bergman and Neinver have entered into a joint venture agreement to develop a €200m ($264m) retail-led mixed-use development at Katowice Railway Station in Poland.
Neinver and Meyer Bergman hold the majority stake in the JV and a minority share is held by Polskie Koleje Pañstwowe, the Polish National Railway company.
The three-phase project includes the redevelopment and renovation of the Katowice Railway Station and bus terminus and the development of a 47,500m² shopping centre comprising 220 retail units and 18,000m² of mixed-use space.
Katowice Railway Station and bus terminus will be completed by 2012, while the shopping centre is slated for completion in 2013.
Development and investment financing has been secured through Pekao Bank.