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The International Property Securities Exchange (“IPSX”), which will be the first regulated exchange dedicated to the admission and trading of securities in commercial real estate assets (“CRE”), today announces that Moorfield Group (“Moorfield”) has invested in the current IPSX funding round. The terms of its investment are not disclosed.
Moorfield is a leading UK specialist private equity real estate fund manager and has been investing in UK real estate on behalf of global institutions for over 20 years. Moorfield invests in single assets, portfolios and real estate based operational businesses and has invested in over £3.4bn of assets across almost every real estate sector, including logistics, office, retail, PRS, senior living and student accommodation.
The commitment from Moorfield follows prior investments from a number of leading players in the CRE industry, including British Land, four of the Partners in Tritax Group, and M7 Real Estate, all of whom were attracted by the alternative investment model offered by the IPSX platform.
Commenting on the announcement, Anthony Gahan, Chairman of IPSX, said: “As we move towards launch, our dialogue with the wider real estate industry and associated ecosystem continues to discover strong demand for a new class of commercial real estate securities with a regulated trading platform that will provide greater transparency, liquidity and attractive yields to investors. As a leading UK private equity real estate fund manager with a track record of pioneering innovation and emerging sectors, we are extremely proud that Moorfield has joined our other investors in their support for IPSX and as a further demonstration of the appetite from the industry for innovation in CRE investment.”
Marc Gilbard, CEO of Moorfield added: “I am a keen supporter of the IPSX proposition and feel that the creation of a liquid flexible market for the realisation, investment and trading of a range of real estate assets is long overdue. In broadening the access to an asset class which is only currently available directly to institutional, professional or high net worth investors, IPSX will provide significant benefits to many other real estate investors. Of course it will also deliver some much needed real time valuation evidence. I would encourage all professional investors to support the growth and launch of this platform.”
