M7 Real Estate increases its investment in IPSX Richard Croft appointed to IPSX group board
IPSX, the International Property Securities Exchange, announces today that it has received a further significant investment from pan European investor and asset manager, M7 Real Estate (“M7”) and that Richard Croft, M7’s Chief Executive Officer, has been appointed to the Company’s board as a non-executive director. Richard joins Sir Brian Ivory, Sly Bailey, Rob Bould, Roland Gaston-Bellegrade, Charles Knight, Justin Meissel and Charles Middleton who are all Non-Executive Directors on the Group IPSX Board.
M7 and its management team were early investors in IPSX and are invested alongside other shareholders including a number of prominent real estate investment and data groups, as well as individuals in private equity, real estate and financial markets.
PSX continues to progress discussions with a broad range of early potential issuers including private equity real estate funds, sovereign wealth funds, major quoted real estate groups and owner- occupiers seeking a new way to unlock value from their real estate holdings. The Company expects to commence operations later this year subject to regulatory approval.
M7 is one of the leading specialists in the pan-European, regional, multi-let real estate market with operations in 13 countries and in excess of €6bn AUM. M7 has been an early innovator, adopter and investor in technologies to improve efficiencies and unlock value within the real estate sector.
Richard Croft has a 25 year career in the UK and European real estate industry and co-founded M7 in 2009. Richard is a regular commentator on real estate trends and innovation and has been involved with a number of other technology-based initiatives within the sector. Prior to co-founding M7, Richard founded Halverton REIM a European real estate fund management business which was sold to the GPT Group (an Australian listed property trust) in July 2007 at which time it employed approximately 180 people across ten European offices and managed approximately €2 billion of assets.