SINGAPORE: Nomura Real Estate Development has today announced a partnership with Asia’s leading built environment technology investment firm, Taronga Ventures, which includes investment into Taronga’s RealTech Ventures Fund.

Nomura will leverage Taronga’s coverage across global technology markets and utilise its deep understanding of real estate across Asia, to deliver enhanced experiences to its customers and communities.  Nomura has already begun implementing Taronga’s portfolio technology in its business and will continue to drive opportunities to innovate across its real estate development, operations and transactions.

Taronga Ventures is a leading platform focused on real estate, built environment and sustainability technology and innovation for major real estate investors and operators. The firm invests into scalable opportunities that enhances the built environment. Nomura joins the recently announced, Mitsubishi Corporation, as well a leading group of some of the world’s largest real estate firms, including PGIM Real Estate (NYSE:PRU), CBRE (NYSE: CBRE), Patrizia AG (ETR:PAT), Grosvenor Group and Dexus (AXS:DXS) that have invested with Taronga.

“We are very focussed on putting customers and communities at the centre of our urban developments. Technology allows us to continue to optimise performance of our assets and enhance the experiences in our spaces. Technology is also essential in our goal to continue to minimise the environmental impact from our development and operating activities. Bringing Taronga’s unique expertise in real estate technology and its understanding of Asian markets into our organisation will further accelerate our innovation drive”, said Takashi Kaku, Executive Vice President and Representative Director, Nomura Real Estate Development Co., Ltd.

“We are pleased to welcome Nomura as a partner in the platform. Throughout its history, Nomura has demonstrated market leadership as a major developer in Japan and Asia, as well as being a trusted partner for investors. With a demonstratable commitment to driving innovation across their business, Taronga is exciting to work closely with the Nomura team”, said Jonathan Hannam, Co-founder and Managing Partner, Taronga Ventures.