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Camberley-based 360 Law Group says it has teamed up with IPSX, the stock exchange dedicated to initial public offerings (IPOs) and trading commercial real estate, to help the owners of the latter combat current economic challenges.
Rising interest rates, lower property valuations and often reduced numbers of tenants, means commercial real estate firms need access to capital so they can invest, but funds are not easily accessible.
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The legal fees attached to floating on a stock market, for example, can be high and 360 Law Group has developed a package of lower IPO legal costs. The law firm says that in collaboration with IPSX it can enable more commercial real estate owners to "access public markets more affordably".
Anthony Gahan, founder of IPSX noted: "The commercial real estate world is facing huge challenges from post COVID changes in working/life patterns, the strain from the economic context, and the need to access capital for investment.
"Any new sources of capital which IPSX can provide will be welcomed by the sector, as will reducing the perceived complexities of a public market IPO and making the process as cost effective as possible."
He added: "It will enable more companies to draw on the opportunity of an alternative form of real asset ownership, providing capital markets optionality to all real asset owners by offering access to a much wider pool of investors."
IPSX is an FCA approved recognised investment exchange (RIE) and a regulated market. It provides owners of operational real estate the opportunity to create liquidity (cash) by releasing capital from their real estate assets.
Robert Taylor, CEO and general counsel at 360 Law Group, said: "I am delighted to be working with IPSX, and to be able to deliver a more realistic price to companies looking to IPO their property portfolios.
"Our secure cloud-based IT infrastructure coupled with lawyers who specialise in corporate transactional and regulatory work, means we can deliver an efficient, cost-effective and high-quality client service at a fraction of the cost of traditional firms."
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