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City Developments makes commitment to Taronga Ventures
Investors - MARCH 2, 2022

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City Developments makes commitment to Taronga Ventures

by Released

Taronga Ventures, an Asia-based real estate innovation and technology investment platform, has secured commitment from Singapore-listed global real estate developer City Developments Ltd. (CDL) for its RealTech Ventures Fund. Other investors in the most recent close of this real estate–technology focused fund include PGIM Real Estate, Ivanhoé Cambridge, APG and other leading global investors.

“With evolving lifestyle needs and the urgent need for climate action, we are seeing a dynamic shift within the real estate sector where access to emerging technology will become a key differentiator,” said Sherman Kwek, CDL Group CEO. “CDL’s investment in Taronga Ventures allows us to partner the market’s best in class to drive product and process innovation. We can leverage their expertise to glean market insights into the future of real estate and gain access to emerging technologies that can be applied across our diversified real estate portfolio. Their focus on green in

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