ISPT and IFM Investors joint venture in diversified international real estate
ISPT and IFM Investors and have established a joint venture company, International Property Funds Management (IPFM), to specialise in the execution and management of international unlisted real estate investments on behalf of institutional investors.
IPFM CEO, Tony McCormack said “IPFM will provide institutional investors with a unique pathway into offshore real estate, premised on best-of-breed transaction execution and asset management, as well as a highly competitive fee model to ensure maximum benefits are passed back to investors.
IFM Investors and ISPT, each distinguished by an investor-owned structure and long-term investment approach, bring natural benefits to IPFM including an ability to leverage IFM Investors’ established global reach and ISPT’s property investment and asset management expertise.”
IPFM will initially target diversified property investments with a focus on core, income-producing assets. IPFM will directly pursue both on-market and off-market opportunities, tapping into a large network of local market relationships across a focused short-list of target markets.