Mailbox: A Brexit Hedge, Yours For £235M
The 690K SF mixed-use scheme in the city centre is for sale with a £235M price tag, a yield of 5.25%, Estates Gazette reports.
In January the Mailbox scooped an early HS2 dividend when engineering consultancy WSP agreed to take 47K SF at the 200K SF building.
The sale confirms a trend toward investor interest in the U.K. regions, which they regard as potentially a hedge against Brexit risks. Data suggests more than half U.K. property investment is now heading to the regions, EG said.