Business Daily Media


Property Partner Rebrands as London House Exchange. Parent Company Better Invests Additional £2.4m.

LONDON, UNITED KINGDOM - News Direct - 19 January 2023 - Property Partner, the UK's leading fractional property investment platform, is rebranding as London House Exchange. The rebrand follows an additional £2.4m of investment from leading US digital homeownership company, Better.

With the rebrand, London House Exchange ("LHX") reprises its original legal name since its 2014 founding and returns the spotlight to being the world's first and leading stock exchange for individual properties. LHX has £120m of fractionalized property assets under management and over 8,000 investors from over 80 countries. Since inception, £55m of property shares have been traded on the FCA-regulated trading exchange, the only one of its kind for individual residential properties.

The new brand gives the company a clearer and more recognisable identity, one which transcends borders.

"The name London House Exchange speaks directly to what we already do and reflects our plans for a truly international trading exchange," said Warren Bath, CEO of London House Exchange. "Only on LHX are our clients from across the world able to instantly buy and sell shares in UK properties, delivering liquidity today to an otherwise illiquid asset class."

"Real estate is the largest asset class in the world, worth more than shares, stocks and bonds combined, and residential property makes up approximately 75% of this total. However, unlike those other asset classes, property transactions take months rather than seconds. Our mission is to successfully make property assets liquid and tradable at global scale," said Michael Lamont, CEO of Better UK.

Market liquidity is the driving force behind a £2.4m programme of direct investment in London House Exchange by its parent company, Better Holdco, Inc. ("Better"). Better is a leading digital homeownership company that has funded over $100 billion in mortgage loans since inception, $4.6 billion in real estate transaction volume and $38 billion in insurance coverage written. Better is revolutionising the home finance industry, helping thousands to more easily find a path to homeownership through its low-cost and transparent platform.

Better's direct investment will increase liquidity on LHX, encouraging efficient pricing and asset valuation across the platform.

"We acquired Property Partner in 2021 on account of their unique platform which allows any property anywhere in the world to be fractionalized, turned into shares and traded on an FCA regulated exchange, the only one of its kind in the world," said Vishal Garg, CEO & Founder of Better. "Renaming the business to London House Exchange encapsulates their reason for being: the world's first and leading stock exchange for individual properties. Enabling the purchase of shares in property from Nottingham to New York is just the beginning, and we are thrilled to support the team with this additional investment."

Hashtag: #LondonHouseExchange

The issuer is solely responsible for the content of this announcement.

About Better

Better is America's #1 online, commission-free home finance, insurance and realty company. In just six years since launch, Better has leveraged its commission-free service offering and Tinman™, its industry-leading technology platform, to fund more than $100 billion in home financing. In addition to being the first fintech to reach this milestone, Better has completed over $4.6 billion in real estate transaction volume through its realtor service Better Real Estate and agent network, as well as over $38 billion in coverage written through its insurance arm, Better Cover and Settlement Services. Better has earned countless awards for its work in making homeownership more affordable and accessible to all Americans. Better was ranked #1 on LinkedIn's Top Startups List for 2021 and 2020, #1 on Fortune's Best Small and Medium Workplaces in New York, #15 on CNBC's Disruptor 50 2020 list, and was listed on Forbes FinTech 50 for 2020. For more information, follow @betterdotcom.

About London House Exchange ("LHX", formerly Property Partner)

Founded in 2014, LHX created the world's first regulated stock exchange for individual properties, making fractional residential property ownership a reality. Over 8,000 clients from over 80 countries have invested in £120m in assets under management and have traded over £55m on the trading exchange. London House Exchange was acquired by Better in September 2021.

News from Asia

Generali Hong Kong launches Go Green Campaign for SMEs to drive sustainability

HONG KONG SAR - Media OutReach - 2 February 2023 - Generali Hong Kong has been committed to creating a more inclusive and sustainable future for next generations...

NTT enhances its Managed Campus Networks portfolio with Palo Alto Networks Prisma® SASE to address networking, security and business management challenges

The new ​managed ​SASE solution builds on NTT’s Managed Campus Networks platform to provide customers with enhanced capabilities, new features, and a fully managed end​-​to​-​end serv...

Vetter’s Clinical Facility Demonstrates Success with Five Client Products Now on the Market

Both the US Skokie and European Rankweil sites address customer needs in early-phase drug development Clinical development pipeline is essential to global business strategy for in-h...

Jerry Coworking Space Shakes up the Coworking Industry with "Best Price Guarantee" to Offer 25% Lower Prices than its Competitors’ Lowest Offer

KUALA LUMPUR, MALAYSIA - Media OutReach - 3 February 2023 - Colony Coworking Space, a leading provider of flexible office solutions, has just announced the introduction of their new "Best Price Gu...

OctaFX joined forces with a local partner to provide emergency aid for flood victims in Kelantan, Malaysia

OctaFX joined its local partner in providing emergency aid for the victims of intense flooding in the state of Kelantan, Malaysia. KUALA LUMPUR, MALAYSIA - Media OutReach - 3 February 2023 - The i...

The British Ambassador welcomes the launch of Malvern College Tokyo at British Embassy.

TOKYO, JAPAN - Media OutReach - 3 February 2023 - Malvern College celebrated the launch of its seventh overseas school, Malvern College Tokyo, at the British Ambassador's Residence yesterday. A co...

RGE closes inaugural US$550 million Sustainability-Linked Derivative with MUFG

Sustainability-Linked Derivative (SLD) supports RGE's strategy of pivoting its financing towards SLLs, a total of US$1.6 billion secured in 2022 Besides hedging the interest rate ris...

Metamorphosis By De Beers: Prelude

Introducing the first chapter of De Beers’ magnificent new High Jewellery collection, inspired by Mother Nature’s transformation through the seasons PARIS, FRANCE - Media OutReach - 3 February...

LOHAS EXPO x Natural, Organic, Green Life Expo 2023

Asia's largest LOHAS Expo Including commerce and public HONG KONG SAR - Media OutReach - 3 February 2023 - The " LOHAS EXPO x Natural, Organic, Green Living Expo 2023" (referred to as LOHAS Expo) ...

Spackman Media Group Artist Son Suk-Ku Ranks #1 In The 2023 MALE ACTORS TO WATCH Survey In Korea

Spackman Media Group artist Son Suk-ku secured the top spot in the 2023 MALE ACTORS TO WATCH survey conducted by Cine21, a weekly film magazine in Korea The ranking...

Business Reports

Deputy appoints Silvija Martincevic as global CEO

Deputy appoints new global CEO Silvija Martincevic after reaching $100M in annual recurring revenue Company prepares for its next phase of growth and focuses on scaling internationally Deputy, the shift management plat...

Why you need an Angel Investor as a female founder and where to find one

As a woman founder who grew a business for 10 years before selling it to investors, I know firsthand the importance of finding your ‘Angel’ to take your business to the next level. Angel investors are so important in the sta...

Rakuten Advertising Names Neil Cao as Commercial Director of China

The new Commercial Director will lead Rakuten Advertising’s business and commercial strategies in the country Australia, February 8, 2023: Performance advertising company Rakuten Advertising today announced the appointme...