Swiss Finance & Property and PMCH join forces
Swiss Finance & Property intends to use the Property Match Switzerland platform for block orders and market making.
Property Match is an online trading platform specifically for the trading of over-the-counter real estate securities. It was created in 2009 through a cooperation between CBRE and GFI Group, and since then, according to its own data, global secondary market trades worth more than 15 billion US dollars have been executed in over 1,700 transactions. Since last year, the platform has been available for Swiss collective investment schemes thanks to a cooperation between Banque Cantonale Vaudoise (BCV), CBRE, GFI and PMCH.
Swiss Finance & Property (SFP) will use the platform as the only party besides BCV mainly for block orders and market making activities, the company says. Property Match will be used to publish interest in block orders in listed and unlisted real estate investments and to publish bid and ask prices of market-making mandates in unlisted real estate investments.
Florian Lemberger, Head Corporate Finance & Banking at SFP, describes the partnership as a "unique opportunity" to expand brokerage and market making services. (ah)
