April 8 2024
RE-TEC Solutions, a prop-tech company provides technologies aimed at revolutionising the management of retail property assets, has received a strategic investment from the REdimension Real Estate Technology and Sustainability Fund, a fund advised by REdimension Capital. The investment
rom REdimension is a milestone for RE-TEC, as it helps the company to expedite its platform
development roadmap and bolster its growth strategy across SA and targeted global markets.
RE-TEC’s platform was designed to help shopping centre owners and managers by providing aggregated data and insights within an integrated, digital property management platform. It helps to streamline processes and seamless connectivity between landlords, tenants and service providers.
Aileen Rodel
The value proposition is endorsed by RE-TEC’s blue-chip listed real estate investment trust (Reit) clients who have adopted existing modules and are partnering in the growth roadmap of the platform to drive value in their portfolios.
RE-TEC was established in 2022 in SA by retail development, management, and marketing specialists in conjunction with technology solutions specialists. RE-TEC has also partnered with Empire
Partner Foundation.
The investment, coupled with access to REdimension’s extensive network of investors, owners, and operators, will enable RE-TEC to access and collaborate with the market’s real estate owners and managers to optimise its product suite, maximizing valuation creation for its client base and accelerating its expansion in South Africa and globally.
Aileen Rodel, co-founder and CEO of RE-TEC said: “Our vision at RE-TEC is to create a seamlessly connected ecosystem where retail, real estate, and technology solutions converge to redefine how property is managed. We are committed to continual innovation within the industry to enhance asset value, operational performance and drive sustainability outcomes, and are excited to partner with REdimension who share this commitment.”
Peter Clark, managing partner of REdimension Capital said his company was thrilled to be
partnering with RE-TEC on its innovation journey.
“Following extensive work on the market and company, we believe their approach to servicing the retail real estate sector is poised to revolutionise how landlords and tenants interact, make data driven decisions, and optimise operations and utilities. With a dynamic team and robust technology, we’re
confident in their ability to drive significant value in this rapidly evolving industry,” he said.
alistair@propertyflash.co.za
