PGIM Real Estate has launched RealAssetX, an innovation lab to research, develop and invest in technology that aims to accelerate advancements in the real asset industry.
Underpinned by data from PGIM Real Estate and third-party data sources, RealAssetX will partner with leading universities around the world — working in the fields of sustainable tech, artificial intelligence (AI) and deep tech — to research and develop new technologies that can be incubated and eventually adopted by owners, operators and managers of real assets.
“The profound impact that the fast-moving technology wave is having on the real asset industry means that investment managers’ success will be defined by their ability to be tech enhanced through every stage of the investment lifecycle,” said Raimondo Amabile, co-CEO and global CIO at PGIM Real Estate. “By partnering with leading universities and technology companies, RealAssetX is building an ecosystem to develop new technologies