A missed opportunity
schedule 28 September 2017
“The Ministry of Finance has announced that the introduction of the act on REITs has been put back and will not now come into force on January 1st 2018. Notably, Polish REITs will now only be able to invest in residential projects. It is likely that such limitations as removing the option of REITs investing in commercial properties will have a negative impact on the attractiveness of this form of investment among individual investors – as well as upon the realisation of the actual aim of the introduction of REITs: the activation of Polish capital, making the capital market more dynamic and giving a significant boost to the economy. The commercial real estate market in Poland is now stable, liquid and has standards that have been established over the years. It is attracting many foreign investors, such as German and Czech citizens, who can invest in pension funds in their own countries to become the co-owners of significant properties in Poland. The share of Polish capital i
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