The real estate investor has secured CBRE as a limited partner for a property technology fund slated to close at $100m by the end of 2020.

Australia-based real estate investment firm Taronga Ventures has secured corporate backing for a real estate technology fund it plans to close at $100m this year, DealStreetAsia has reported.

Real estate services provider CBRE and real estate investment managers Patrizia and Dexus have all contributed to Real Tech Ventures Fund, according to Jonathan Hannam, co-founder and managing director at Taronga.

A further 13 property investment managers, pension funds and sovereign wealth funds are currently conducting due diligence with a view to…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.