IPSX has received heavyweight backing from the property industry ahead of the opening of the world’s first regulated stock exchange dedicated to real estate.
Letters of support have come from the British Property Federation (BPF), and a group of big hitters, including Mark Dixon, founder and chief executive of IWG.
IPSX has set out to revolutionise the way commercial real estate assets are held by creating a regulated market on which they can be listed and traded.
Recognised by the Financial Conduct Authority, the new exchange opens for business this year.
“We believe that IPSX is a significant development in the modernisation of the real estate capital markets,” said the BPF’s chief executive, Melanie Leech.
“We support its ambition to create a liquid market for single properties, with dividend and cost transparency, either as a direct or SIPP investment, and available to all market participants.”
In a separate letter, companies such as SEGRO, Nuveen Real Assets, Savills, Tishman Speyer, Argent and IWG gave their support to the new exchange.