Redimension Makes Strategic Investment in Re-Tec Solutions

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RE-TEC Solutions, a PropTech company revolutionizing retail property asset management, has secured a strategic investment from the REdimension Real Estate Technology and Sustainability Fund. This investment marks a significant milestone for RE-TEC, enabling the acceleration of its platform development roadmap and strengthening its growth strategy in South Africa and targeted global markets.

RE-TEC's platform empowers shopping center owners and managers with aggregated data and insights through an integrated digital property management platform. This streamlines processes and fosters seamless connectivity between landlords, tenants, and service providers. The platform enhances decision-making capabilities, operational efficiency, tenant engagement, and rental revenue, adding substantial asset value to commercial properties.

Founded in 2022 in South Africa by retail development, management, and marketing experts, along with technology solutions specialists, RE-TEC benefits from a founding team with extensive global relationships and deep industry understanding. The company has partnered with the Empire Partner Foundation to drive product enhancements and nurture young tech talent in Africa.

The investment from REdimension, coupled with access to its extensive network, positions RE-TEC to collaborate with leading real estate owners and managers to optimize its product suite. This collaboration aims to maximize valuation creation for clients and accelerate expansion in South Africa and globally.

Aileen Rodel, co-founder and CEO of RE-TEC, emphasizes their commitment to creating a seamlessly connected ecosystem and driving innovation in property management. Peter Clark, Managing Partner of REdimension Capital, expresses excitement about partnering with RE-TEC, citing their potential to revolutionize interactions between landlords and tenants, data-driven decision-making, and operational optimization in the retail real estate sector.

Original article posted on April 8, 2024

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