AUSTRIA-POLAND – The Austrian real estate company Immoeast plans to list on the Warsaw stock exchange in a bid to attract more capital from investors including pension funds.

As part of a major capital raising of €3bn, the company will not only increase its listing on the Vienna stock exchange but also get its first listing in Poland.

Immoeast’s market capitalisation will be around €9.2bn after the placement.

With more investors from Eastern Europe showing interest in Immoeast shares the company felt it had to start getting listed on a stock exchange in the region, according to a statement from the firm.

This latest capital increase is targeted at retail and institutional investors across Europe with a special focus on Austria, Germany the Czech Republic, Slovakia and Poland.

Listing on the Warsaw stock exchange could make the company's shares very attractive for Polish institutional investors as pension funds in Poland are only allowed to invest 5% of their portfolio in shares not listed on the Warsaw stock exchange.