Americans to invest $500 mln in Krakow railway station

Polish State Railways (PKP) signed a deal with American company Tishman Speyer Proprieties (TSP) in which TSP will purchase the right to own 11.7 hectars of PKP land including the Krakow railway station. The transaction's worth is being kept secret, though, according to PKP and TSP, the American company will invest about $500 million. TSP will also lease from PKP a parking lot which will be further constructed to include space for 2500 cars. PKP also plans to lease other railway stations, including Warszawa Centralna which will probably be leased by the Zlota Centrum partnership owned by ING Real Estate and gmina Centrum. (Rzeczpospolita, May 13-14, page B2) K.S. White Eagle Aviation to introduce charter flights on its new Boeing 737