A new partnership aims to accelerate the burgeoning property technology space.
Global real estate firm Cushman & Wakefield and venture capital firm Fifth Wall, which focuses on tech solutions for the real estate industry, will together drive innovation in the space.
“We’re committed to identifying and partnering with organizations that can help us develop the next generation of technology solutions for our clients, our colleagues and the built environment," said Brett White, Executive Chairman & CEO, Cushman & Wakefield. “We believe we’ve found a great partner and advisor in Fifth Wall, and together, we can help put Cushman & Wakefield’s clients at the centre of some of the most innovative technology solutions in our industry.”
Fifth Wall has U$1 billion capital under management across three funds and its second fund is one of the largest real estate venture capital funds raised to date, closing at $503 million.
“Our PropTech partnerships make us more efficient, ensuring our firm evolves as quickly as the technologies that are disrupting our industry,” said Adam Stanley, Chief Information Officer and Chief Digital Officer at Cushman & Wakefield. “That means we can use our partners’ technology to continue delivering the best value to our clients and other stakeholders. Fifth Wall adds a powerful and impactful partner to support our strategy and advance the industry.”