REdimesnion Capital an investment firm has announced its inaugural fund. The company raised more than R200 million from founding investors including Investec Property Fund, Growthpont Properties and Rand Merchant Bank.
The firm aims to focus on investing in early-stage technology companies that deliver demonstrable improvements in the way property is developed and managed.
The fund is known as the REdimension Real Estate Technology and Sustainability Fund and aims to deliver both investment and operating returns.
REdimension fund will target investment in companies developing high-impact solutions that operate at the convergence of real estate and technology, according to TechCentral reports.
This includes various built-world technologies that aim to improve the way assets are experienced, streamlining management processes and decision-making.
The firm is supported by Liberty Two Degrees, Liberty Group and Sphere Holdings, among others.
“The founding investors provided a significant strategic underpin with over 650 properties across sectors directly under their management. This portfolio represents more than 11 million square metres of gross lettable space and is valued at an estimated R235-billion,” according to the report.
