RBC joins IPSX as lead adviser

RBC Capital Markets has formally joined the International Property Securities Exchange as its first lead adviser. IPSX will be the first regulated securities exchange for the initial public offering and trading of companies owning single commercial property assets. RBC will advise and support the exchange’s issuers through the IPO process on admission to trading, along with other key transactions. Charlie Foster, managing director and head of European real estate at RBC, said: “IPSX represents a highly significant innovation in the commercial real estate world, and will provide owners and investors alike with an important new opportunity for capital raising and investment.   “We welcome this new dimension and look forward to bringing our considerable experience and capabilities to bear in working with issuers and investors through the IPO process.” IPSX said it is in talks with early potential issuers, including owner occupiers, sovereign wealth funds, and major quoted real estate and private real estate funds. To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette