Freight company seeks side-road in property development

"The financial scheme of such a venture is being prepared," said Waclaw Wojciechowski, deputy president of Pekaes. The company owns many plots throughout the country and according to Wojciechowski two that are located in Warsaw are particularly interesting. Moreover the company has a lot of free cash at its disposal, as its 2005 budget envisaged reserves of zl.;.60 million designated for acquisitions. "We are looking for opportunities to profitably designate plots for long-term projects," said Wojciechowski. The company intends to finance the projects partially from its own funds and partially by financial leverage, as "maybe it will be worth financing investments through a fund," added the deputy president of Pekaes. (Puls Biznesu, pp. 1, 8) M.M.