REIT here, REIT now

At the end of September this year, after two years of preparations and discussions, the Council of Ministers was again presented with another draft bill governing the creation of FINNs (Firma Inwestująca w Najem Nieruchomości) or the Polish version of REITs. Under this draft legislation, which the government accepted, Polish REITs will be allowed to invest in the residential rental sector. At the end of October, the bill was read in the Sejm and is expected to be be passed this year (by Q1 2019 at the latest). And now a huge economic experiment is about to begin. Down to the nitty gritty The first legislation was proposed about two and a half years ago, although discussions about ‘Polish REITs’ had begun well before. But what is it that might make such an instrument attractive to Polish investors and do they really need it? “Firstly, we are probably the only country in our region that does not have such a law. Secondly, it’s a unique way to raise domestic ca