News & Press
30 September 2020
BNPPRE, PARTNER OF FIRST EUROPEAN PROPTECH FUND
BNP Paribas Real Estate backs Fifth Wall Ventures to launch its first European proptech fund
As part of BNP Paribas Real Estate’s commitment in continuing to be forward thinking and taking into account the use of new technology for the buildings they construct, the company has decided to make a significant investment in the Fifth Wall Real Estate Technology European Fund.
Based in Los Angeles and London, Fifth Wall is a venture capital firm specialising in global PropTechs. Having already established themselves as the largest venture capital firm focused on real estate technology, the Fifth Wall Real Estate Technology European Fund aims to invest in high-potential European PropTech startups and to accelerate European real estate innovation.
Sustainability and agility through technology
Aligned with BNP Paribas Real Estate’s vision of the future of real estate, Fifth Wall’s mission is to advance technology innovation and adoption across the real estate industry. “We strive to connect our corporate strategic partners, like BNP Paribas Real Estate, with the PropTech entrepreneurs who are redefining the future of the Built World and the innovation that could have a positive impact on BNP Paribas Real Estate’s business,” said Roelof Opperman, Managing Director, Fifth Wall.
Thanks to Fifth Wall’s network of partners and technological and innovative solutions, BNP Paribas Real Estate will be supported in its ongoing quest to adapt and learn from social and political events. As Roelof Opperman, Managing Director, Fifth Wall points out, “I think the Covid-19 pandemic has brought to the forefront the fact that we are in a world that’s dynamically changing, and as that happens you can no longer view investment in technology as purely a one-time thing. Technology must be invested in on an ongoing basis, as part of an offensive Research & Development strategy.”
By partnering with Fifth Wall, BNP Paribas Real Estate aims to continue collaborating with start-ups and PropTechs who have pioneered new solutions relevant for the real estate industry, through the network that Fifth Wall has meticulously built. As such, we believe that collaborating in this way will open up new opportunities and affirm our position as one of the leaders of the real estate industry, capable of adapting to change and anticipating new trends.
This announcement is not an offer to sell or a solicitation of an offer to buy any securities. Any securities referred to in this announcement have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction. Consequently, the securities may not be offered, sold, resold, transferred, delivered or distributed, directly or indirectly, into or within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction. No public offering of the securities is being made in the United States.
- 02.09.2020 | FUBON APPOINTS BNP PARIBAS REAL ESTATE ...
- 12.08.2020 | FLEXIBILITY IS WHAT MATTERS NOW!
- 03.08.2020 | WORKPLACE USERS FACING THE COVID-19 CRISIS ...