A stock exchange for individual buildings moves one step closer | BisNow
Jan. 9, 2019
This article originally appeared on BisNow on 9th January 2019, written by Mike Phillips.
IPSX, the company looking to set up a stock exchange for individual commercial real estate assets, has received regulatory approval from the Financial Conduct Authority and could launch the exchange as soon as the second quarter of this year. When the exchange launches, investors will be able to buy shares in companies, typically special purpose vehicles, that own individual buildings. Those shares can then be traded like shares in a company listed on the Financial Times Stock Exchange or Nasdaq stock exchange.
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