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.”
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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
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.
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IPSX Wholesale is a market exclusively for institutional and professional investors.