In brief: Invest Park; Logotec Engineering; Uroda sale; luxury hotel

Invest Park, a consortium of private investors, plans to build a modern water park and hotel in Warsaw's Targowek, at a cost of nearly zl.158 million. Construction will begin this year, and a return on the investment is expected after six or seven years. (Puls Biznesu, p.12)...Myslowice-based IT company Logotec Engineering intends to create an international capital group within the next two years. The group will bring together eight companies, all of them based in Europe. (Puls Biznesu, p.13)... The Treasury Ministry plans to dispose of 80,000 shares in Warsaw-based cosmetics producer Uroda. The expected buyer will be the Cussons Group of the UK. (Puls Biznesu, p.12) .International hotel chain Westin intends to open a new hotel in Warsaw in 2003. The investment in what will be Poland's most luxurious hotel is estimated at zl.275 million. (Puls Biznesu, p 12) A.Z.