Industry news / 12 January 2017
Crestbridge Managing Director joins IPSX advisory group
Expected to be formally launched mid 2017, the IPSX is being established to create the world’s first fully regulated securities exchange dedicated to commercial property, including for the admission and trading of special purpose vehicles holding a single commercial building or portfolio.
Designed to provide a public market for property owners to float their assets in a regulated market in the same way that exchanges do for equity or debt, the exchange will allow investors the opportunity to buy and sell shares in office blocks.
The exchange has received significant pre-launch support from a range of key players in the commercial property market, including M7 Real Estate, British Land and the Tritax Group, whilst there have also been strong indications of interest from a broad cross-section of single-asset owners and institutional REITs.
Paul Windsor commented: “This is an exciting project to be involved in that has the potential to be a genuine game-changer for both investors and commercial property owners in making real estate investment more innovative, flexible and accessible. It has already received backing from a number of leading players in the industry and I’m looking forward to the formal launch later this year.”
The IPSX is currently seeking authorisation as a Recognised Investment Exchange (RIE) from the Financial Conduct Authority (FCA) and once granted will: