Grosvenor Asia Pacific invests in proptech firm

Grosvenor Asia Pacific, the Asian arm of London-based international property company Grosvenor Group, has invested in Taronga Ventures’ RealTech Fund.

Other investors include PGIM, CBRE, Dexus and PATRIZIA.

“There is no doubt that our industry is being significantly impacted by technology. Partnering with Taronga, which has established itself as leaders in the space, gives us the opportunity to stay at the cusp of innovation and gain investment exposure to dynamic and growing companies carefully selected and supported by the Taronga team,” said Benjamin Cha, CEO of Grosvenor Asia Pacific.

The fund invests in scalable technology and innovation that enhances or challenges the traditional real estate and infrastructure sectors. It also is focused on investing in strategic opportunities and providing its institutional partners with a first-mover advantage, while maintaining a focus on creating a better built environment, through sustainable and responsible inv