August 2 2023
REdimension Capital, a new investment firm has announced the first close of its inaugural
fund, the REdimension Real Estate Technology and Sustainability Fund I. The fund, which has
received support from different stakeholders in the real estate sector, will focus on
investing in early-stage innovative technology companies that deliver demonstrable improvements in
the way property is developed, managed and engaged with.
The fund’s founders said they built an ecosystem of mutual value, aiming to deliver both investment and
operating returns while accelerating technology adoption and driving sustainable outcomes.
The fund received total commitments of more than R200m. REdimension Capital gained support from the fund’s founding investors which include Investec Property Fund, Growthpoint Properties and Rand Merchant Bank who have anchored the fund. The fund has also gained investment from Liberty Two Degrees, Liberty Group and Sphere Holdings.
Commitments are expected to the fund before a final close on or before January 2025.
Cofounder of REdimension Capital, Peter Clark said the fund will “target companies developing high-impact solutions that operate at the convergence of real estate and technology”.
“It will take a thematic approach to investment, focusing on areas which have a clear value proposition and solve for the sector’s challenges. This includes various built-world technologies that aim to improve the way assets are experienced, streamline management processes and decision-making, and which ultimately accelerate the digitalisation of the real estate,” said Clark.
industry.
The founders of REdimension Capital’s other cofounder Matthew Marshall, said: “We are thrilled to have
achieved a first close for the REdimension Real Estate Technology and Sustainability Fund I. It marks a
significant milestone in the evolution of property technology investment in SA.”
alistair@propertyflash.co.za