IPSX hires for origination and capital markets teams

IPSX, the real estate stock exchange, has made two new appointments in its origination and capital markets teams. Jonathan Baines, managing director of the London International Investment Office who has previously worked at Cushman & Wakefield and Colliers, joins as senior adviser to the capital markets team. Darius Divwalla has joined from Cornerstone Investment Management to become director in the origination team, joining recently appointed head of origination Rupert Snuggs. IPSX chief executive Roger Clarke said: “Issuers are now searching for fresh avenues to release equity from their assets while still retaining flexible ownership, which is proving challenging in the current economic climate. Similarly, investors are redirecting allocations to create more defensive portfolios with access to liquidity, creating a shift towards investment-grade assets that decorrelate from mainstream equity markets and offer inflation protection.” The exchange’s next planned IPO, for Bridgewater Place in Leeds, was announced last month. To send feedback, e-mail tim.burke@eg.co.uk or tweet @_tim_burke or @EGPropertyNews