Rob Bould has taken a non-executive role with new property stock exchange the London Real Estate Exchange, or IPSX.
Bould, a former chief executive of GVA Bilfinger will add to the expertise on the board of the newly launched property share trading platform.
Bould started his career a Grimley & Son in Birmingham before rising through the ranks to become head of investment and chairman of GVA’s Capital Markets Group.
During his time with the company he was advisor to Carlyle Real Estate Partners, Derwent London, Argent Skanska, Palmer Capital and LaSalle Investment Management.
Bould said: “The IPSX proposition fills a substantial gap which has always existed in the range of capital markets options available to owners and investors within the commercial property market. At a time when technology is fundamentally changing the way we transact, IPSX will democratise access to the market, offering investors the opportunity to focus on specific assets and higher yields compared to alternative asset classes.”
The IPSX will allow investors to take shares in companies that have single real estate assets. The theory being the exchange will allow smaller companies to gain capital without having to sell out of their own real estate.
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