The owner of the BILK Logisztikai logistics park in Budapest, Hungary, is considering a listing of the asset on the Budapest Stock Exchange, the Budapest Business Journal reported, citing an interview the park's owner, György Wáberer, did with business news site portfolio.hu.
The listing could take place as soon as June, the May 28 report noted.
According to the report, a minority stake listing is planned, and indications are that BILK could be turned into a real estate investment trust. Wáberer attributed the listing decision to the favorable changes in regulations concerning REITs in Hungary, where such trusts are known by the SZIT acronym.
According to a May 29 report from bne IntelliNews, Wáberer intends to finance other property projects with the capital raised from the listing.
