Property exchange to roll out from UK to Europe focus
The International Property Securities Exchange (IPSX), launched in 2017 by the London Real Estate Exchange Ltd as the first regulated exchange dedicated to the admission and trading of securities in commercial property assets, has appointed Ian Womack, formerly chief executive of the global Real Estate division of Aviva Investors as senior adviser.
In this role, Womack will assist in the roll-out of IPSX, which will target initial sales of shares via IFAs and brokers in the UK, before rolling out a more pan-European presence. However, access to the exchange is not limited to UK-based investors, a spokesperson added.
Womack, who retired from Aviva in mid-2015, also chaired the Investment Property Forum, and is engaged in a number of non-executive directorships and advisory and charitable roles. At IPSX he will work to develop relationships with potential issuers on the exchanges trading platform. The objective is to turn IPSX into a central platform for capital raising and wider investor access to commercial property assets, said Anthony Gahan, chairman of IPSX.
More information on the IPSX is available at www.ipsx.com