Sunday, January 24, 2021
  • ABOUT US
  • WEBMAIL
  • GENSOCIAL
Genesis Radio Birmingham
  • HOME
  • NEWS
    • ALTERNATIVE NEWSNEW
    • ENTERTAINMENT NEWS
    • FOOD NEWS
    • HEALTH NEWS
    • MOVIE TRAILERS
    • LOCAL NEWS
    • MUSIC NEWS
  • WHATS ON
  • GENSOCIAL
  • GENESISTV
No Result
View All Result
Genesis Radio Birmingham
  • HOME
  • NEWS
    • ALTERNATIVE NEWSNEW
    • ENTERTAINMENT NEWS
    • FOOD NEWS
    • HEALTH NEWS
    • MOVIE TRAILERS
    • LOCAL NEWS
    • MUSIC NEWS
  • WHATS ON
  • GENSOCIAL
  • GENESISTV
No Result
View All Result
Genesis Radio Birmingham
No Result
View All Result
Home Local News

Former BBC ‘Dragon’ James Caan invests in Birmingham’s Mailbox

Genesis Radio by Genesis Radio
2 December 2020
in Local News
0 0
0
Former BBC ‘Dragon’ James Caan invests in Birmingham’s Mailbox
2
VIEWS
Share on Facebook


Former ‘Dragon’ James Caan is investing in Birmingham boutique shopping mall the Mailbox as it prepares for a flotation on a new stock exchange later this month.

You might also like

Listed law firm Knights reports ‘robust’ first half performance across enlarged group

West Midlands cities hardest hit by pandemic will recover faster – but will still be worse off than before

Communications tech firm moving from Staffs to Derby

Mr Caan told BusinessLive he felt that the city centre complex was a sound investment and its initial public offering (IPO) gave the people of Birmingham a unique chance to own a slice of the city’s thriving real estate market.

Mailbox REIT will be the first company to list on the new International Property Securities Exchange (IPSX) which was set up as a world first to trade shares in companies owning single, institutional-grade real estate assets.

Trading in its shares is due to commence on December 14.

BusinessLive is your home for business news from around the country – and you can stay in touch with all the latest news through our email alerts.

You can sign up to receive daily morning news bulletins from every region we cover and to weekly email bulletins covering key economic sectors from manufacturing to technology and enterprise. And we’ll send out breaking news alerts for any stories we think you can’t miss.

Visit our email preference centre to sign up to all the latest news from BusinessLive.

Speaking exclusively to BusinessLive, the entrepreneur said: “I’ll be investing in the Mailbox – it’s quite a good investment and return.

“The reason I am excited by this IPO is I feel consumers do not get the opportunities to access institutional type investments.

“If you have £50,000 to invest, typically you might spend £100,000 on a buy-to-let property and then have to manage it and collect the rent but if something goes wrong it can be a headache.

“With the Mailbox, rather than buying a £100,000 property, you are getting access to a £180 million property with proper tenants and leases which is well managed and well run.

“What this does is give the consumer the opportunity to play on a level playing field with institutional investors.

“The fact it is floating on a stock exchange means there has been proper due diligence and compliance and it has been independently valued.

“The Mailbox is an iconic location in Birmingham, it’s not disappearing, it will be there for investors.”

Mailbox is floating on a new stock exchange later this month
Mailbox is floating on a new stock exchange later this month

Mr Caan was a member of the famous panel on hit BBC show Dragons’ Den for four series although he has since sold his shares back to the founders of each of the businesses he invested in during his run.

The 59-year-old is not taking it easy though.

He is still invested in more than 20 businesses in the recruitment market – the same sector where he made his initial fortune as founder of Alexander Mann – and also M7 Real Estate which acquired the Mailbox last year.

The building, whose tenants include high-end fashion brands, restaurants, professional services businesses and the BBC, is currently undergoing somewhat of a change of direction.

In November, co-working office provider Spaces announced a management deal to run a 50,000 sq ft facility on the ground floor which will remove an entire level of retail from the centre.

Looking ahead, Mr Caan said IPOs of assets such as the Mailbox would offer a new alternative in the investment market with a second float of an office block in Leeds expected to take place early next year.

Read More
Related Articles
Read More
Related Articles

Mr Caan added: “In the past, when I’ve looked at property funds, I’ve shied away because I feel they are a bit faceless and I don’t know where my money is.

“I don’t know which buildings I own or where my investment is but here investors will have transparency on where their money is.

“And because the Mailbox is an individual asset, someone who lives in Birmingham can drive past their investment, see it and even shop in it.

“For Birmingham to be the first asset on the exchange is a great testament to the city and the quality of product that’s available there.”

Referring to the launch of the new stock exchange, Mr Caan said it was always a welcome move when something disrupted the traditional market.

He has so much faith in the concept that he has even invested his own cash into IPSX as well.

“The man on the street wants something they can see and touch and that they can get their head around.” he concluded.

“If this takes off, there’s a trillion pounds worth of real estate in the UK that could eventually end up on this exchange.”



Source link

Previous Post

Sunny Afternoon, 1 Dec 2020 – 5 Dec 2020

Next Post

Tessa Thompson Finds Romance at the Wrong Time This Christmas

Genesis Radio

Genesis Radio

Related Posts

Listed law firm Knights reports ‘robust’ first half performance across enlarged group
Local News

Listed law firm Knights reports ‘robust’ first half performance across enlarged group

by Genesis Radio
24 January 2021
West Midlands cities hardest hit by pandemic will recover faster – but will still be worse off than before
Local News

West Midlands cities hardest hit by pandemic will recover faster – but will still be worse off than before

by Genesis Radio
24 January 2021
Communications tech firm moving from Staffs to Derby
Local News

Communications tech firm moving from Staffs to Derby

by Genesis Radio
24 January 2021
£5m funding launched to support Staffordshire businesses
Local News

£5m funding launched to support Staffordshire businesses

by Genesis Radio
24 January 2021
Dunelm under fire for using agency staff from outside Staffordshire despite county’s rising unemployment rate
Local News

Dunelm under fire for using agency staff from outside Staffordshire despite county’s rising unemployment rate

by Genesis Radio
23 January 2021
Next Post
Tessa Thompson Finds Romance at the Wrong Time This Christmas

Tessa Thompson Finds Romance at the Wrong Time This Christmas

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Advertisements




Chatroom

Genesis Radio Birmingham

Premier Music & Media Limited
27 Old Gloucester Street
London
WC1N 3AX

Company

  • About Us
  • Advertise
  • Contact Us
  • Join Our Team
  • Privacy Policy
  • Terms & Conditions

Recent News

Godzilla Vs. Kong Trailer Has Finally Arrived

Godzilla Vs. Kong Trailer Has Finally Arrived

24 January 2021
Listed law firm Knights reports ‘robust’ first half performance across enlarged group

Listed law firm Knights reports ‘robust’ first half performance across enlarged group

24 January 2021

© 2020 GenesisRadioBirmingham.com developed by Cre8iveMonk

No Result
View All Result
  • HOME
  • NEWS
    • ALTERNATIVE NEWS
    • ENTERTAINMENT NEWS
    • FOOD NEWS
    • HEALTH NEWS
    • MOVIE TRAILERS
    • LOCAL NEWS
    • MUSIC NEWS
  • WHATS ON
  • GENSOCIAL
  • GENESISTV

© 2020 GenesisRadioBirmingham.com developed by Cre8iveMonk

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.