Kulczyk to Develop Business and Retail Complex
December 19, 2013
Kulczyk Silverstein Properties (KSP), a company owned by Poland’s wealthiest man, Jan Kulczyk, and American construction magnate Larry Silverstein, is preparing to build a new, high-profile business and retail complex in Warsaw.
The project will involve the redevelopment and expansion of a building on the Polish capital’s Trzech Krzyży Square, on a site purchased by Kulczyk Silverstein Properties in 2013 for about 50 million euros. The company is waiting for planning permission to redevelop the site.
The building, which will be named Ethos, will be home to “the most luxurious brands, including some which have yet to make their debut on the Polish market,” according to Edgar Rosenmayr, a member of the board at Kulczyk Silverstein Properties.
Another KSP executive, Piotr Krawczyński, said that a year or so from now, Ethos “will be the most prestigious and recognizable address bringing together business and retail.”
In addition to some 2,500 sq m of retail space, the complex will offer 13,100 sq m of grade-A office space.
The design is by architects Chapman Taylor and Maas Projekt.
Kulczyk Silverstein Properties is a joint venture between Kulczyk Real Estate Holding and Silverstein Properties, Inc.