The MLP Group, a leading developer of warehousing space in Poland, is considering the establishment of a REIT (real estate investment trust) based on its own properties. The ultimate shape of the trust will be tailored by the MLP Group to fit the new legislation expected to take effect in early 2017. The Ministry of Finance has recently presented a draft law which will govern the operation of REITs. According to the assumptions adopted by the Ministry of Finance, REITs will be an instrument enabling Poles to save money for their future pensions. REITs will generate a steady stream of income and a large chunk of the profit will be paid to the shareholders in the form of dividends. There will be no entry threshold for investors. Exit will be possible at any time.
“Our objective is to make good use of our experience and expertise in the warehouse property sector by entering the REIT market. The success of REITs in other countries confirms that this investment instrument provides rates of return much higher than those generated by shares, bonds or commodities”, says Radosław T. Krochta, President of the Management Board of MLP GROUP S.A.
