The International Property Securities Exchange (“IPSX”), which will be the first regulated securities exchange dedicated to the admission and trading of single-asset commercial real estate operating companies, has announced that four Tritax Group (“Tritax”) partners have invested in the current IPSX funding round; the terms of their involvement remain undisclosed.
For over 25 years, the Tritax Group has been involved in a wide range of commercial real estate assets from single properties to listed propositions, such as Tritax Big Box REIT, which continues to be one of the strongest performing UK REITs with a market capitalisation of £1.27 billion.
Following British Land’s commitment to IPSX announced in July, the investment adds to the strength and diversity of investors from across the real estate industry supporting IPSX and the services that it will provide to the commercial real estate investment market.
Commenting on the announcement, Anthony Gahan, Chairman of IPSX, said: “The personal commitments from such established and well-respected leaders in the industry further illustrate the need for IPSX to offer alternative capital markets options to owners and investors, both institutional and retail. We continue to receive strong demand from single-asset owners, as well as institutional REITs, actively seeking alternative methods of holding their assets.”
Chairman of Tritax, Mark Shaw, added: “The launch of IPSX will open the commercial real estate industry to a wider spectrum of investors, including those considering the sector for the first time. IPSX will provide a flexible market for trading commercial real estate securities, allowing asset owners to release liquidity in all or part of each individual asset. IPSX is a welcome and timely innovation in the industry.”