TMM Real Estate (FSE: TR61 GR) is planning to make an SPO on the Warsaw or London Stock Exchange in October 2011 or May 2012, Interfax reported yesterday. The company could sell a 15-30% stake via an additional share issue and is targeting proceeds of about USD 100 mln. TMM placed 13.1% of its shares on the Frankfurt Stock Exchange in 2007, raising about USD 105 mln.