M7 E-Warehouse REIT plc Admission to IPSX
Dec. 21, 2021
IPSX, the world’s first regulated Stock Exchange for Real Estate Assets
announces second successful admission:
M7 Regional E Warehouse REIT plc (“E-Warehouse REIT” or the “Company”)
IPSX
has today announced that M7 Regional E-Warehouse REIT plc has been admitted to trading
on the Wholesale Market of IPSX by way of an introduction.
M7
Regional E-Warehouse REIT plc is a newly established, externally managed
close-ended investment company. The Company is currently valued at £38,161,963.
The
Company pursues its investment objective by investing in a geographically
diversified portfolio of enhanced warehouse (e-warehouse) properties across the
UK. Upon admission, E-Warehouse REIT will acquire a portfolio of 17 retail
warehouses valued at just over £110 million, with a combined space of over
900,000 sq. ft and a diversified base of 54 occupiers.
An
e-warehouse is defined by M7 as a warehouse with enhanced planning uses which
means there is the flexibility to change the use of the warehouse in the
future. The properties will be held and/or acquired directly or via SPVs and
the portfolio will target metrics of good quality, high yielding regional real
estate assets with medium to long term sustainable income streams, or assets
with the potential for increased use values. The Company is targeting an annual
dividend yield of around 8% based on the issue price on first day of trading.
The
Company has engaged M7 Real Estate Financial Services Ltd (“AIFM”) as the
Company’s alternative investment fund manager to provide overall portfolio and
risk management services to the Company.
M7
Regional E-Warehouse REIT is the second successful admission of a real estate
business to trading on IPSX following the admission of Mailbox REIT plc in May
2021
Alan Ramsay, UK Chief
Executive of IPSX said:
“IPSX
is gaining traction as a highly attractive trading platform for real estate assets.
This e-warehouse REIT is the first portfolio of assets to come to IPSX, all
with a degree of commonality and transparency for investors to understand. It
joins the single asset, Mailbox REIT whose share liquidity performance has
exceeded our expectations.
The
listing of M7 Regional E-Warehouse meets with our vision of giving investors
the opportunity of investing in efficient, transparent, asset backed companies
through our unique trading platform.”
Richard Croft,
Executive Chairman of M7 Real Estate, added:
“Momentum on IPSX
continues to build with the Admission of M7 Regional E-Warehouse REIT. M7 REIP
VIII Investors recognised the multiple benefits of a listing on IPSX, including
being a part of the UK REIT regime, which we expect to improve efficiencies and
net profitability. The closure of a number of open-ended real estate funds over
the last year has led to a reassessment of the nature of commercial real estate
investment, with IPSX offering investors quick and equal access to investment
in real estate through securitisation and daily liquidity.”
- ENDS -
About
IPSX:
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.
The
IPSX platform has been established with market leading technology partners
which include Nasdaq, GoldenSource, Quant House and Scila. The platform
has been integrated with leading trading technology and market data vendors
including Fidessa, Iress and Morningstar.
IPSX
has focussed on increasing the number of Trading Members ahead of launch and
recently announced the admission of Clear Capital Markets, Hobart Capital
Markets LLP, Shard Capital Partners, Oberon Investments and Pello Capital in
London, with Midlands based Albert E. Sharp. They join IPSX’s existing Trading
Members including Canaccord Genuity, WH Ireland, Panmure Gordon, Peel Hunt, Shore
Capital, Jarvis Investment Manager and the Share Centre.
The
boards and senior management team of IPSX Group Limited (see https://www.ipsx.com/investor-relations/ ) and IPSX UK Limited ( https://www.ipsx.com/team/ ) comprise highly qualified
individuals with market infrastructure, equity capital markets, real estate,
data, asset management and public company experience.
For further information visit: www.ipsx.com
REIT
Status*
REITs are
property companies that allow people and organisations to invest in commercial
property and receive benefits as if they directly owned the properties
themselves. The rental income, after costs, is passed directly to shareholders
in the form of dividends. In the UK REITs are required to distribute at least
90% of their tax- exempt property income to shareholders as dividends. As a
result, over time, a significant proportion of the total return for
shareholders is likely to come from dividends. The effect is that taxation is
moved from the corporate level to the investor level as investors are liable
for tax as if they owned the property directly.
For
all press enquiries please contact:
Camarco
Ginny Pulbrook, Louise Dolan, Tom
Huddart, Rosie Driscoll
IPSX
Oliver Tinkler, Head of Marketing and
Communication
