Amsterdam gets property fund exchange
Monday 02 February 2009
The first Dutch electronic trading platform for non-listed property investments is to be launched on Monday, reports the Financieele Dagblad.
The NPEX will be opened by junior finance minister Jan Kees de Jager this afternoon. It has licences from both the Dutch bank and the financial services authority AFM.
Initiators Adriaan Hendrikse and businessman Frans van den Broek say the aim of their new venture is to make the billion euro property investment market more transparent.
It is 'a sort of eBay for non-listed property investments,' Hendrikse tells the paper. The exchange will 'improve the efficiency, transparency and price forming of these investment products,' said Van den Broek.
In the last decade around 60,000 investors in the Netherlands have put a total of €4bn into non-listed property funds, according to the Financieele Dagblad. It estimates total assets invested at €12bn.
© DutchNews.nl
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