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May 14, 2021

Mailbox REIT plc makes history as first company to list on IPSX

Maiden listing on the UK’s newest regulated stock exchange marks new chapter in commercial real estate investing

Mailbox REIT plc has become the first company to be admitted to trading on IPSX, the International Property Securities Exchange, marking an historic moment for the UK’s newest stock exchange - the first to be launched in 7 years in the UK. The announcement heralds the opening of the exchange and the dawn of a new era in real estate investment, opening up this £1 trillion asset class to a much wider group of investors.

Mailbox REIT plc is the owner of The Mailbox, which is located on a 4.8 acre canal side site in Birmingham, the UK’s second largest city. It comprises approximately 698,000 square feet of primarily office space, anchored by the BBC, with a complementary, ancillary retail and leisure offering. Mailbox REIT plc was admitted to trading at 9am this morning on the IPSX Wholesale Market having raised £25 million by way of a placing of ordinary shares. WH Ireland Limited was IPSX Lead Adviser and Broker on the placing and offer. Market liquidity will be provided by Peel Hunt and WH Ireland.

Alan Ramsay, UK Chief Executive of IPSX said: “This is an historic moment in real estate investment, and we are very proud for the exchange to officially go live today. We are delighted to have worked with M7, the current owners and asset managers of The Mailbox, and we warmly welcome Mailbox REIT plc to our IPSX Wholesale Market. Congratulations to all the team in delivering this historic first admission to IPSX. We look forward to announcing and welcoming further new admissions in the near future.”  

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 and Pello Capital in London and new regional members, Liverpool’s Blankstone Sington Ltd and Midlands based Albert E. Sharp. They join IPSX’s existing Trading Members including Canaccord Genuity, WH Ireland, Panmure Gordon, Peel Hunt, Jarvis Investment Manager and the Share Centre. 

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.