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Proactive London's Ed Stacey explains the structure, strategy and growth plans of Mailbox REIT.

Stacey says Mailbox REIT (MBOX) is a new real estate investment trust (REIT) due to float in December 2020 on the International Property Securities Exchange (IPSX).

He says MBOX offers investors exposure to a centrally located prime Birmingham commercial property — The Mailbox — that is valued at £179mln.

The shares are expected to pay a dividend of 5p (5% yield at the offer price) in year 1, with potential to increase this to 7p in the medium term, as well as offering the potential for capital gains through asset enhancement projects.

Click here to read Ed Stacey's initiation report

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