M7 Real Estate has increased its investment in IPSX Group and chief executive Richard Croft has been made a non-executive director and board member.
IPSX is planning to launch a regulated securities exchange for companies owning single commercial real estate assets. It allows companies to list single assets.
It is currently in discussions with a range of potential issuers, including private equity real estate funds, sovereign wealth funds and quoted real estate groups, seeking ways to unlock value from their real estate.
It expects to commence operations later this year subject to regulatory approval.
M7 and its management team were early investors in IPSX.
Anthony Gahan, Chairman of IPSX Group, commented: “Establishing an entirely new financial market is a major undertaking but is made easier by a sector embracing innovation and taking an active role in its delivery. We are confident that the IPSX proposition represents a new and very much overdue addition to the world of real estate investment.
“Richard’s advocacy and involvement on the board of IPSX Group will be very welcome and comes at a very important time given our plan to launch in the coming months.”
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