Oct. 12, 2022
World’s first real estate stock exchange expands origination team as trading volumes increase with investors searching for liquid, income producing assets.
Demand for direct access to investment grade real estate assets, to protect against inflation, decorrelate from mainstream equity markets and create more defensive portfolios, is resulting in more interest in accessing IPSX’s investor base.
IPSX, the world’s first real estate stock exchange, announces the appointment of industry expert, Rupert Snuggs, as Head of Origination, as issuer interest in the alternative capital markets venue continues to grow.
In response to rising demand for the platform, Rupert will support real estate owners and investors who seek to access investment and liquidity opportunities on IPSX. He will work closely with issuers exploring public market admissions for their assets or portfolios who seek to raise capital from new funding sources and realise supportive valuations.
The appointment comes at a time when real estate equity markets are undergoing a substantial reset and issuers look for fresh sources of flexible financing while investors redirect allocations towards liquid and income producing assets to protect portfolios against rising rates and the recessionary environment.
Rupert joins from HSBC, where he was a Director in Global Banking, advising financial institutions and real estate corporates across the UK and Europe. He was also the Co-Chair of Balance UK, HSBC's gender equality group, where he helped shape policy and company culture to foster a more equitable workplace for all, regardless of gender. Rupert began his career in NM Rothschild & Sons’ equity capital markets team, before moving to Royal Bank of Scotland to advise corporate and real estate institutions on equity and debt capital market transactions across Europe and the Middle East.
Asset owner interest in IPSX has seen a noticeable uptick fuelled by the access to liquidity, the speed of admission, access to investors, streamlined valuation processes and flexible public ownership options around individual assets. This is supported by its recent track record, with the platform executing two out of the three IPOs in the UK real estate sector last year: Birmingham’s iconic Mailbox REIT and M7 Regional E-Warehouse REIT plc. M7 Real Estate has also announced plans to admit Bridgewater Place, a landmark office development in Leeds, on IPSX very soon.
Roger Clarke, Chief Executive Officer, IPSX, said: “Rupert’s institutional experience will be valuable to asset owners and investors as trading volumes increase on our platform. The trading experience on IPSX is supported by transparent data insights which allow investors, issuers and credit institutions to make informed decisions based on an asset’s fundamentals. Issuers demand access to a wider pool of capital sources and speed in execution while investors are increasingly seeking liquidity. In response, we are growing our team to ensure that IPSX is the capital markets venue of choice for owners looking to fractionalise or investors wanting to trade income-producing institutional grade real estate.”
Rupert Snuggs, Head of Origination, IPSX, commented: “IPSX is shaping the future of real estate investment by providing issuers with flexible financing options and enabling investors of all types to own a share of liquid, income producing assets. As a stock exchange dedicated to real estate, the securities admitted to trading on IPSX are not correlated with the volatility impacting the broader equity market. There continues to be appetite for real estate backed income as well as an alternative capital markets venue offering real estate owners the opportunity to release equity from their assets to a wide pool of investors.'