The first listing on a new stock exchange dedicated to commercial real estate has been postponed amid a takeover bid on the building’s owner.
M7 Real Estate, which owns Birmingham’s £179 million mixed-use building The Mailbox, announced it would delay the listing of the building (in a single-asset REIT) as it entered takeover talks.
Post-IPO on exchange IPSX, M7 would act as both Mailbox REIT’s asset manager in respect of the property and as its alternative investme...
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