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.

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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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