M7 raises investment in IPSX exchange

M7 Real Estate has increased its investment in the International Property Securities Exchange Group (IPSX), while chief executive Richard Croft has joined IPSX’s board as a non-executive director.

IPSX is preparing to launch the world’s first securities exchange dedicated to companies owning single commercial real estate assets.

said Anthony Gahan, chairman of IPSX Group.

“M7 and its management team have been deeply supportive of shareholders in IPSX from an early stage and we are delighted that it will continue to be a significant partner to the company alongside our other key institutional shareholders.

We are confident that the IPSX proposition represents a new and very much overdue addition to the world of real estate investment.”

Croft added: 

“I expect IPSX to be embraced by real estate owners as a default capital markets solution and by investors as a new proxy for direct investment.

The creation of a new public market should further establish real estate as the fourth mainstream asset class.”

In May, private equity firm Henley led a funding round for the launch of the exchange, which will allow institutional and private investors to buy and sell shares in companies that own individual properties.

6th July 2018 | Article by Frances Ivens | Property Week

Read the full article at Property Week

Image credit – Property Week

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