May 27, 2021
The UK’s newest Regulated Investment Exchange went live at 9am on Friday 14th May 2021 with the admission of Mailbox REIT plc to the International Property Securities Exchange. The reaction from the Investment and Wealth Management communities has been overwhelmingly positive with clients enthused by the proposition of a single asset commercial real estate being openly traded for the first time.
Phil Shelley, Chairman at WH Ireland, commented, “We are delighted to have worked with M7 in bringing Mailbox REIT plc and the principle of a single property vehicle, to the public markets. This placing demonstrates the opportunity to gain exposure to a single institutional type property asset and appeals to a broad range of different investors. It also promises to be the first of many on the IPSX market with a number of other property assets keen to follow in the footsteps of Mailbox REIT.”
Neil Blankstone, Director, Blankstone Sington added: “We were delighted to be founder Members of IPSX and work with them, M7 Real Estate, and WH Ireland in getting the first admission off the ground. Personally, I was honoured to make history and be the first person to deal in the secondary market, cementing my view of having “skin in the game” as the best way to demonstrate the opportunity. We have seen real interest from both sides of the equation, and in light of the news of the AVIVA Investors closure of its property fund, feel that IPSX is a breath of fresh air for the property sector/market at just the right time.”
David Gilbert, Partner at Albert E. Sharp commented: “Bringing innovative ideas to our private clients is the cornerstone of our role at Albert E. Sharp and the responses have been universally of interest as accessing institutional-grade real estate to date has been nigh on impossible for private investors. IPSX is a welcome addition to the investment waterfront giving transparency and liquidity to an otherwise opaque and illiquid market. It’s a welcome innovation and a true British success story.”
Iain Morgan, Head of Execution Services, Peel Hunt added: “With so many challenges affecting the property fund industry, it is encouraging to see IPSX come into the market with a completely new proposition – a world first. We have all talked about an Exchange like IPSX for years and now it’s here. It’s going to be the stand-out exchange to watch over the coming years. IPSX is absolutely right for the time.”
IPSX is the world’s first regulated securities exchange dedicated to the initial public offering and secondary market trading of companies owning single institutional grade commercial real estate assets and multiple assets with commonality. The exchange offers investors transparency and liquidity to trade shares in individual properties listed on the exchange and is open for business.