In 2020, RealTechX support 12 high potential companies delivering construction technologies, smart buildings technologies and a range of tenant amenity innovations.
CBRE has partnered with RealTechX, an innovation program backed by Asian venture capital firm Taronga Ventures, to promote innovation and technology adoption within the real estate sector.
The global real estate services firm’s Asia Pacific team joins current real estate partners Dexus, Lendlease, ISPT, Australian Unity and PGIM Real Estate to collaborate with emerging technology companies to drive widespread adoption of technology in real estate assets.
Phil Rowland, CBRE’s President & CEO of Australia and New Zealand, said “following our recent investment in Taronga’s RealTech Ventures Fund, the RealTechX partnership was a logical next step, providing an invaluable opportunity for us to work with emerging technology companies and enable the best solutions for our occupier and landlord clients.”
Steph Chung, CBRE’s Senior Director of Digital and Technology, said “this brings us the ability to see and hear innovations early on and to stretch our own thinking with the rest of the RealTechX partner community. We get first access to see how these founders and organisations can add value for both CBRE and our clients and how we can work together to pilot and scale technology solutions.”
Jonathan Hannam, Managing Partner of Taronga Ventures, said “in May 2020, we were delighted to announce CBRE as an investor in our venture capital fund, demonstrating their long-term commitment to driving innovation within their own organisation and on behalf of their clients”.
Avi Naidu, Managing Partner of Taronga Ventures, added “CBRE’s extensive global footprint and proven track record with internal innovation will be an asset to both the emerging technologies coming through the program, as well as other corporate partners”.
In 2020, RealTechX support 12 high potential companies delivering construction technologies, smart buildings technologies and a range of tenant amenity innovations.
In 2021, the program will support its partners to tackle COVID-related challenges and capture emerging opportunities with a new suite of innovative solutions to be announced in December.
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