We present a three-parameter time-dependent solution of the vacuum Einstein equations in five dimensions. The solution is obtained by applying the Wick rotation to the Myers–Perry solution that represents a rotating black hole in five dimensions. The new interpretation of the Myers–Perry solution can be considered among the generalized Einstein–Rosen type that can be interpreted as plane-symmetric waves, cylindrical waves or cosmological space–time in five dimensions. In some limits the solution has boost-rotational symmetry and it is asymptotically flat. In the case that the solution represents a cylindrical space–time, the E-energy is analyzed.