M7 to list warehouse REIT on IPSX’s wholesale market

Investor and asset manager M7 Real Estate is applying to list the shares of M7 Regional E-Warehouse REIT on the wholesale segment of property stock exchange IPSX. On admission to the exchange the REIT will acquire a £120 million portfolio of UK retail warehouse assets from the fund M7 Real Estate Investment Partners VIII.

M7, whose acquisition by Oxford Properties Group was completed this week, said that the 40 investors in the fund will benefit from transferring and “onshoring” their investment from a closed ended, Jersey domiciled private investment vehicle to an investment in a UK vehicle.

The 978,317 sq ft (90,888 sq m) fully let portfolio comprises 18 retail warehouse properties located across the UK, assembled by M7, following the fund’s inception in July 2018.

Second vehicle to launch of IPSX after Mailbox

Once IPSX admits M7 Regional E-Warehouse REIT for trading it will be the second vehicle to successfully launch on IPSX, following the Mailbox REIT IPO in May. 

IPSX is a regulated investment exchange regulated by the FCA and is the world’s first exchange dedicated to IPOs and secondary market trading of institutional grade commercial real estate assets.  IPSX Wholesale is a market exclusively for institutional and professional investors. 

“These proposals and the company’s listing on IPSX provides multiple benefits for the fund’s current investors, not least the daily liquidity afforded by transferring from a closed ended private fund to a UK investment company with publicly traded shares on a regulated exchange, as well as the advantages offered through the UK REIT regime, which will become a particular focus for investors ahead of changes to corporation tax in 2023,” M7 Real Estate executive chairman Richard Croft explained.

M7 is also the asset manager and AIFM for Mailbox REIT which is listed on IPSX.