Companies
JLL becomes first member of IPSX
The advisory firm has become the first member of London’s new property stock exchange, the seventh securities exchange in the UK, joining as an approved valuer.
IPSX Approved Valuers will produce an RICS ‘Red Book’ valuation report for inclusion in all IPO prospectuses, and a Red Book valuation report every six months in respect of the underlying assets of each IPSX issuer.
Hugo Raworth, lead director of London commercial valuation at JLL, said the new exchange represented a “highly significant innovation in the commercial real estate world” and will provide owners and investors alike with an “important new opportunity for capital raising and investment”.
Alan Ramsay, chief executive of IPSX, added their members are a “valuable and essential part of our community” and will play a “vital role in the functioning of IPSX, both in terms of advising issuer clients on their IPOs and in supporting the trading of their shares in the secondary market”.
IPSX is in discussion with a range of early potential issuers, including private equity real estate funds, sovereign wealth funds, major quoted real estate groups, and owner-occupiers.
Related Articles
Markets
Case study: Bruntwood x essensys
Office developer Bruntwood has been working with the global software and technology company, which provides an intelligent backbone to commercial real estate operations. Here’s how it’s gone for Bruntwood at its Neo building in Manchester.
Comment
Tackling sick building syndrome: technology’s role
In 2023, as low as 43% of office occupancy is the new normal. This is widely seen as the after-effect of the pandemic and the shift towards hybrid or remote work, writes Melis Karabulut of Spaceflow. Yet, here is another reason why employees may not be willing to return to the office that landlords neglect: the sick building syndrome.