Thursday, October 29, 2020
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Azora Invests in Proptech by Acquiring a Stake in Fifth Wall’s First European Specialist Fund

In line with its strategic plan, the Spanish manager Azora has invested in the first European real estate technology fund.

Concha Osácar, founding partner of Azora

In line with its strategic plan, Azora has invested in the first European real estate technology fund (Prop-tech) created by Fifth Wall (Fifth Wall Real Estate Technology European Fund), a venture capital company specialising in Prop-tech, which in turn operates one of the leading strategic advisory platforms.

The objective of the Fund is to invest primarily in pioneering startups in Europe and thereby transform the real estate industry. In addition to the expected returns, a stake in the Fund will enable investors to identify new trends in advance and prepare their businesses for future changes. In fact, the coronavirus has not prevented the creation of companies in the real estate market working in a purely digital context or the expansion of many of the existing ones.

Read the full article in Spanish.

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