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News and Views

It was recently announced that Mailbox REIT PLC is looking to IPO at the end of October 2020.

Attached below is a copy of the Intention to Float announcement, a presentation deck, a full Prospectus and an Application Form. Further information can be found on the Company’s website at https://themailboxreit.com/

>> INTENTION TO FLOAT ANNOUNCEMENT <<

>> PRESENTATION <<

>> PROSPECTUS <<

>> APPLICATION FORM <<

WH Ireland jointly with Panmure Gordon are Bookrunners on the Admission of Mailbox REIT plc which is expected to have a market capitalisation of £116 million. The raise is £62.5 million and will be done by way of Placing, Intermediary Offer and Offer for Subscription.

This will be the first issue on the International Property Securities Exchange (IPSX), which is an FCA regulated stock exchange focussed principally on single Property assets in a closed ended structure.

The management of Mailbox will be available 12.00pm on Wednesday and 9.00am on Friday UK time in a group webinar to be hosted via Zoom.

Please email WH Ireland Investor Relations at Investor.Relations@whirelandplc.com to register your interest.

The Property

The Mailbox is an iconic Birmingham landmark comprising largely office based space in a prime multi-use property covering 4.8 acres close to Brindley Place, New Street Station and Broad Street with substantial car parking facilities.

Key attractions

  • ability to invest in institutional type property in a low-cost REIT structure
  • secure office/car park revenue underpins initial 5% yield, in current market conditions, potentially rising to 8% as some retail space is converted to office.
  • shortage of Grade A offices/strong demand from Govt. and commercial tenants (HMRC,BT, Arup Group)
  • reversions and conversion to office space provide strong growth potential
  • asset manager with strong record and experience base
  • granularity and transparency available – unlike other multi-property REIT’s

How to Apply for Shares

Anyone is entitled to apply for shares in one of the following ways:

  1. By sending in the attached Application Form as detailed in prospectus
  2. Similarly via the Mailbox website at https://themailboxreit.com/
  3. By applying through the Equiniti website at https://equiniti.com/uk/ or email offer@equiniti.com
  4. By applying through your broker to WH Ireland Corporate & Institutional Broking (see details below)

Melvyn Brown – Director, Sales Trader

E: Melvyn.Brown@whirelandcb.com

T: +44 (0) 20 7220 1688

Adam Pollock – Head of Corporate & Institutional Broking

E: Adam.Pollock@whirelandcb.com

T: +44 (0) 20 7220 0482

Jasper Berry – Managing Director, Corporate Broking

E: Jasper.Berry@whirelandcb.com

T: +44 (0) 20 7220 1690

Aimee McCusker – Assistant Director, Investor Relations

E: Aimee.McCusker@whirelandcb.com

T: +44 (0) 20 7398 1136

Disclaimer:

These materials have been provided to you by WH Ireland Limited (“WHI”) for information purposes only and in connection with a proposed transaction(s) in relation to Mailbox REIT plc (“Mailbox”) and may not be relied upon for any purpose. WHI is acting on behalf of Mailbox and not for you or any other recipient. This is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, loan or asset or to participate in any trading strategy.

The information contained in these materials has been provided to you by Mailbox. Mailbox is solely responsible for the accuracy of the information contained herein. The materials may contain forward-looking statements, which relate, inter alia, to Mailbox’s proposed strategy, plans and objectives. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the control of Mailbox. Accordingly, you should not rely on any forward-looking statements. The information contained herein does not purport to contain all of the information that may be required to evaluate the transaction(s) described herein, and you are encouraged to read the transaction documents and should conduct your own independent analysis of any data referred to herein. You are urged to request any additional information you may consider necessary or desirable in making an informed investment decision.

The distribution of this information and availability and the products and services described herein may not be eligible for sale in all jurisdictions or to certain categories of investors. The receipt of these materials may be restricted by law and you are only able to receive them if you are “qualified” in the country in which you are incorporated or conduct business to receive them due to your experience, profession, activity, classification or other relevant qualification or exemption. If this is not the case then you are not permitted to use or act in relation to these materials.

WHI does not make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein. WHI does not assume any obligation to update or otherwise revise these materials.