Polish Railways to create a development company

Polish Railways PKP will establish a separate development company that will oversee the company’s all real estate projects. “We’ve come to the conclusion that the scale and the number of projects we want to carry out as joint ventures with private partners is so large that managing them through SPVs would be very difficult,” Jarosław Bator told Propertynew.pl. Bator has recently been nominated as management board member of PKP. He previously held the position of managing director for real estate. “If our major stakeholder, the Treasury, decided to dispose of these projects, such a company will be much easier to sell, either through the stock market or in another way. Turning our projects and the promise of future profits into cash will be easier this way than by disposing of individual projects,” Bator explained.