Propex Professional takes a step towards providing property investment professionals with a screen-based trading system similar to those used by city traders. It will provide an efficient method for vendors to introduce their investments to the marketplace, in addition to providing a range of supplementary information such as deals comparables, news and research.
A basic version of the exchange has already been trialled by many of the larger institutions and the latest version of the product – Propex Professional – is now available to the investment community at large.
It has been developed in collaboration with a group of property investors and agents. Members of the Exchange include British Land, the Prudential, Scottish Widows and Schroders. Agents involved include ATIS Real Weatheralls, DTZ Debenham Tie Lung, Insignia Richard Ellis, Strutt & Parker and FPDSavills.
Iain Reid, Chief Executive of Aberdeen Property Investors, is confident that the new product will be well received by the investment community: 'Propex Professional makes the investment transaction process more efficient for all involved. The amount of data that is instantly available on Propex screens allows the analysis of deals to be undertaken more quickly and is, therefore, instrumental in speeding up the decision making process.'
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