M7 Real Estate Ltd chief executive Richard Croft speaks to Proactive following the release of a third quarter update from Mailbox REIT PLC that revealed a temporary reduction in its dividend. Croft says that the measure will help to make sure that the Mailbox REIT "has sufficient liquidity to deal with any interest rate rises that come next year."
Croft describes the actual performance of the Mailbox site in Birmingham as "pretty strong" and highlights the progress made so far in creating an "amenity space" from what was once "better known as a retail location."
He also revealed the reason for his optimism regarding the medium-term future of regional real estate.