Hong Kong SAR, China: Grosvenor Asia Pacific has invested into the latest close of Taronga’s RealTech Ventures Fund – joining a growing list of leading global real estate firms, including PGIM Real Estate (US), CBRE (NYSE: CBRE), Dexus (AXS:DXS), and Patrizia AG (ETR:PAT).

Benjamin Cha, Chief Executive Officer, Grosvenor Asia Pacific said, “There is no doubt that our industry is being significantly impacted by technology. Partnering with Taronga, who have established themselves 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”.

Jonathan Hannam, Managing Partner, Taronga Ventures said, “We are delighted to welcome Grosvenor Asia Pacific as a Partner. We have been working with Grosvenor Asia Pacific and their colleagues in the wider Grosvenor Group for many years and see a tremendous opportunity for emerging technology companies to scale within the Grosvenor portfolio globally”.

Avi Naidu, Managing Partner, Taronga Ventures said, “Grosvenor’s very long history as a successful investor in real estate is a testament to their deep understanding of real estate cycles.  In recent years they have been an active direct investor in real estate technology in Asia, and through this partnership we are excited to support this forward-looking investment strategy”.