WSE expects 2-3 REIT-type debuts in 2017. Reino vehicle among them

The Warsaw Stock Exchange (WSE) hopes to attract two-three REIT-type investment vehicles this year, after the IPO of Griffin Premium RE. “It's hard to say what the capitalization will be,” WSE acting CEO Jarosław Grzywiński said. Polish parliament is currently working on a new bill which would regulate real estate investment funds which is expected to come into force next year. Developer’s Reino investment vehicle Reino Dywidenda Plus plans to launch IPO as soon as the bill gets approved. “By the time the bill comes into effect, we want to accumulate up to 5 properties in the portfolio and directly afterwards take another attempt at IPO,” Reino’s CEO Radosław Świątkowski said. The first, failed attempt at Reino’s IPO was back in 2016.