March 23, 2021
‘Intention to Float’ announced as the UK’s newest regulated Exchange gets set to go live
Mailbox REIT plc has published its Intention to Float notice for admission to trading on the Wholesale market of IPSX, the International Property Securities Exchange. 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.
It is an historic moment for the new stock exchange, which is the first to be launched in the UK in 7 years and marks a significant innovation for the City of London post Brexit. The exchange looks forward to welcoming further new listings over the course of 2021 providing investors looking for yield, with a transparent route to investing in securitised commercial real estate.
Speaking about the announcement, Alan Ramsay, UK Chief Executive of IPSX commented: “We are delighted to be working with M7 the owners of the Mailbox and welcome the news from the Mailbox REIT plc, a large prime office-led mixed-use asset in Birmingham, of its Intention to Float notice for admission to trading on IPSX Wholesale. We look forward to the first day of trading in a matter of weeks. The exchange is an example of innovation in the London capital markets and reinforces that the City is very much open for business. We look forward to announcing and welcoming further new admissions in the near future.”
The Mailbox 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,
WH Ireland Limited is IPSX Lead Adviser and Broker on the IPO.