Will Mailbox Reit, a new property fund with a single investment, deliver?

Mailbox Reit, a new real-estate investment trust set to float on a new property exchange, contains just one building. David Stevenson assesses its prospects.

The Mailbox, Birmingham © Images of Birmingham Premium / Alamy
The development is in the heart of Birmingham’s business district
(Image credit: © Images of Birmingham Premium / Alamy)

Warren Buffett once quipped that “diversification is protection against ignorance. It makes little sense if you know what you are doing.” Like many experienced, successful investors he has made huge profits by focusing on a small bunch of big assets and sectors he knows very well.

Private investors looking to emulate the Sage of Omaha could consider taking this approach to its logical conclusion and concentrating on just one asset: a single property. That is the idea behind a new real estate investment trust (Reit) launching on a new, property-based, stock exchange called the International Property Securities Exchange (IPSX).

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David C. Stevenson
Contributor

David Stevenson has been writing the Financial Times Adventurous Investor column for nearly 15 years and is also a regular columnist for Citywire. He writes his own widely read Adventurous Investor SubStack newsletter at davidstevenson.substack.com

David has also had a successful career as a media entrepreneur setting up the big European fintech news and event outfit www.altfi.com as well as www.etfstream.com in the asset management space. 

Before that, he was a founding partner in the Rocket Science Group, a successful corporate comms business. 

David has also written a number of books on investing, funds, ETFs, and stock picking and is currently a non-executive director on a number of stockmarket-listed funds including Gresham House Energy Storage and the Aurora Investment Trust. 

In what remains of his spare time he is a presiding justice on the Southampton magistrates bench.