The Mailbox, the mixed-use development in Birmingham that is host to a clutch of sector bars and restaurants, could be put up for sale. Reports suggest that owners Birmingham Mailbox Ltd, the company run by Alan Chatham and Mark Billingham, has appointed CB Richard Ellis and GVA Grimley to investigate the market with a view to selling the scheme – which has a potential value of about £150m. A potential sale of The Mailbox comes after Lloyds Bank put the development company behind The Cube - at which both men were the major shareholders – into administration alongside the main contractor arm of the business, Build Ability. Following the appointment of administrators Pricewaterhouse Coopers (PwC) to the iconic Make-designed building, it was reported that Lloyds, which originally financed The Mailbox, were in talks with RBS, which had taken over half the debt, over whether to call in The Mailbox as well. Operators at the Mailbox include Café Rouge, Cote, Gourmet Burger Kitchen and Pizza Express.