Aldar invests in Taronga Ventures to tap into PropTech boom in Asia-Pacific


The deal marks Abu Dhabi developer’s fifth real estate technology fund investment

The National News, Aarti Nagraj, 21/06/2022

Aldar Properties has invested in Taronga Ventures, a property technology investor operating across the Asia-Pacific region, as it seeks to diversify operations and expand.

Through the partnership, Aldar, the biggest property developer in Abu Dhabi, will gain access to technology co-investment opportunities providing “additional revenue streams and new efficiencies” for its portfolio, the developer said in a statement on Tuesday.

The agreement aims to increase the exchange of technological know-how and ideas in the Middle East and focus on sustainable solutions.

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