After their IPSX London listing, Stacey tips Mailbox REIT, a single asset REIT, as one for investors to watch closely. The company owns The Mailbox, a.
Mailbox REIT (MBOX) is a new real estate investment trust (REIT) that began trading on the International Property Securities Exchange (IPSX) Wholesale.
Mailbox REIT becomes the first company to list on the IPSX exchange with an £85mln valuation
Plans are now advancing to bring a second property to market - Bridgewater House in Leeds The Birmingham landmark is a five-minute walk from New Street station
Mailbox REIT PLC (LON:MBOX) has become the first company to list on the IPSX specialist property exchange, with a valuation of £84.85mln.
The company, which owns the Mailbox, a large prime office-led mixed-use property in Birmingham, has been admitted to the FCA-regulated Wholesale segment of the IPSX.
It has raised £28.85mln at £1 per share by selling 30.5% of the business to institutional backers and family offices, including IWG, the owner of Regus.
Leeds Bridgewater Place House the next cab off the rank for M7 Real Estate after successful £85mln Mailbox REIT float
The city’s tallest building, it is home to professional services group EY and international law firms DWF and Eversheds
Hard on the heels of Friday’s £85mln float of the Mailbox REIT (LON:MBOX), the asset manager M7 Real Estate has unveiled plans to list a second office development on the IPSX specialist property exchange.
In the coming weeks, it will begin marketing Bridgewater Place House, in central Leeds, to potential investors.
The city’s tallest building, it is home to professional services group EY and international law firms DWF and Eversheds.