Cushman & Wakefield has become the latest approved valuer to join the International Property Securities Exchange (IPSX).
Although investor demand in the wider capital markets will ultimately drive the market price for companies traded on IPSX, the approved valuers provide independent assessments on the value of the real estate proposed for IPO.
David Delaney, chief executive at IPSX said: “The panel of approved valuers we are now able to provide to potential issuers is comprised of the very best operating across the commercial real estate industry globally. Engaging an approved valuer is a key stage for any company looking to enter the public markets via IPSX and having trusted, experienced advisors is critical to ensuring a smooth and stable process from the outset.”
Charles Smith, chairman of Cushman & Wakefield’s UK valuation and advisory team, added: “As members of IPSX we have the opportunity to provide vital services during the IPO process, with a responsibility to both the issuer and the investment community. We are looking forward to immersing ourselves in this exciting new option for commercial real estate owners and to supporting future transactions through our extensive team of valuation experts.”