London,
20
June
2018
|
11:55
Europe/London

CBRE MAKES INVESTMENT IN METAPROP FUND II

CBRE Group, Inc. (NYSE: CBRE) today announced that it has invested in a fund sponsored by MetaProp, an early-stage PropTech venture capital and acceleration firm. MetaProp’s Fund II will invest in early-stage real estate and real estate-related technology firms.

Chandra Dhandapani, CBRE’s Chief Digital & Technology Officer
We are seeing increasing momentum among property tech start-ups in our industry and our investment in MetaProp will expand our insight into this important ecosystem. Whether we buy, build or partner to enhance our capabilities, continuing to deliver the best outcomes for clients requires that technology is embedded into every aspect of CBRE’s business.
Chandra Dhandapani, CBRE’s Chief Digital & Technology Officer

MetaProp investors include real estate and real estate technology companies as well as REITs, pension managers and private equity firms. Based in Manhattan's Silicon Alley, the MetaProp NYC 22-week accelerator, 8-week pre-accelerator and the MetaProp Bridge accelerator at Columbia University are leading programs for high growth PropTech start-ups. MetaProp NYC's team and strategic seed stage funds have invested in 90+ technology companies across the real estate value chain.

CBRE’s investment in MetaProp Fund II is another element of its strategy to deliver a market- leading operating platform, particularly digital and technology capabilities. CBRE has a robust suite of more than 35 proprietary enablement technologies (CBRE Vantage) that help the company’s professionals to deliver superior client outcomes. More information can be found at cbre.com/vantage.