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May 16, 2019

One Of The World’s Biggest Sovereign Wealth Funds Is Getting Into PropTech Investment

Singapore’s sovereign wealth fund is starting to invest in the PropTech sector, as the world’s biggest institutions and real estate owners continue to put money into the technologies that are changing the sector.

GIC, which has around $400B of assets including about $27B of real estate, has started to invest in venture capital funds which specialise in PropTech, and is also looking to increase its investments in real estate companies at the leading edge of technological change.

“We have gone with the VC funds who are actually the ones who are out there backing the individual PropTech companies,” GIC Head of Europe Real Estate Madeleine Cosgrave said on a panel at the Future:Proptech conference.

One Of The World’s Biggest Sovereign Wealth Funds Is Getting Into PropTech Investment

She said GIC had a specific pot of capital set aside for PropTech investment outside of its normal real estate investment activities, but did not say how much, or which funds GIC had backed. The investments will include startup companies. Specialist PropTech VC funds are starting to raise significant amounts…

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