May 27, 2020 — Dexus has announced its commitment to invest in Asia’s largest real estate technology investment manager – Taronga Ventures – and its RealTech Ventures Fund (the “Fund”) as the real estate sector looks to leverage the wave of innovation and technology that has been accelerated by the COVID-19 pandemic.
Dexus joins global partner for pan-European real estate investment, PATRIZIA AG, and the world’s largest commercial real estate services firm, CBRE, as Fund investors. Dexus’s investment into the Fund and its strategic minority investment into the Taronga Ventures platform builds on its existing partnership with Taronga Ventures, where it has been an active participant in Taronga’s RealTechX growth program for emerging technology companies.
The Fund invests on behalf of institutional investors into emerging real estate technology and innovation companies across the real estate sector, offering growth capital as well as strategic mentorship to portfolio companies from a network of leading asset owners globally.
Having active participation in the Fund gives the investors early exposure to emerging technology and innovation trends. The pace of technological advancement presents a distinct opportunity for institutional owners of real estate who adopt early, enabling them to deliver value to their customers, communities and capital.
With more than 10 investments made since its inception, the growing Fund has built a diverse portfolio covering growth areas including energy and sustainability, construction technology, mobility and more recently, a focus on tenant health and wellbeing.
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