Aareal Bank Group invests in PropTech1 Ventures.

Aareal Bank Group has acquired a stake in PropTech1 Ventures, a venture capital fund that focuses on the real estate sector and specialises in European PropTech start-ups. Financial terms were not disclosed. Aareal Bank Group, which is listed in Deutsche Börse's MDAX index, is a leading provider of smart financing, software products and digital solutions for the property sector and related industries. "Aareal Bank Group is not only the second bank which we have welcomed as a co-investor. More importantly, the move further enhances our approach of uniting active players in the digitalisation of the property industry in an independent venture capital fund. This ensures that in addition to equity, the PropTechs with the strongest prospects also get maximum added value." Marius Marschall von Bieberstein, PropTech1 Ventures Founding Partner.