Global private equity real estate investor Henley is leading a consortium of real estate investment management groups in providing the financial backing to launch London-based International Property Securities Exchange later this year.
IPSX will be the first regulated securities exchange in the world dedicated to the initial public offering and trading of companies owning single commercial real estate assets. It is due to launch later this year, subject to regulatory approval.
IPSX has been established to connect real estate owners with the wider investment world by providing a regulated market on which owners will be able to launch an initial public offering for companies owning individual commercial real estate assets as stand-alone REITs.
The exchange will operate a dedicated platform on which real estate securities will trade as a mainstream asset class available to institutional and private investors from all over the world.
IPSX said early potential issuers are progressing discussions with the exchange and include private equity real estate funds, sovereign wealth funds, major quoted real estate groups and owner-occupiers seeking to unlock value from their real estate holdings.
Henley is leading the launch financing round for IPSX alongside existing shareholders and supporters of the IPSX proposition. Henley’s chief investment officer, Justin Meissel, has been appointed to the board of London Real Estate Exchange Limited, the IPSX Group holding company.
Meissel said: “With the ownership of commercial real estate becoming increasingly democratised and regulated, we see great demand for a dedicated exchange starting with IPSX in London but with the potential to expand into other major markets in the future.
“We are excited to be partnering with existing investors and the IPSX management team to back a proposition that will be transformative for the industry.”
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