RE-TEC Solutions, a PropTech company providing intelligent technology aimed at revolutionizing the management of retail property assets, as received a strategic investment from the REdimension Real Estate Technology and Sustainability Fund, marking a significant milestone for RE-TEC to expedite its platform development roadmap and to bolster its growth strategy across South Africa and targeted global market.
RE-TEC’s platform empowers shopping centre owners and managers by providing aggregated data and insights within an integrated, digital property management platform, streamlining processes and seamless connectivity between landlords, tenants, and service providers.
Through smart decision-making capabilities, operational efficiency enhancements, heightened tenant engagement, reduced administrative overheads, and augmented rental revenue, RE-TEC adds substantial asset value to commercial properties. The value proposition is endorsed by RE-TEC’s blue chip listed REIT clients who have adopted existing modules and are partnering in the growth roadmap of the platform to drive value in their portfolios.
Established in 2022 in South Africa by retail development, management, and marketing experts in conjunction with technology solutions specialists, RE-TEC benefits from a founding team with extensive global relationships and deep understanding of the retail, real-estate, and technology landscape. RE-TEC has also proudly partnered with Empire Partner Foundation and its development team to continue to drive product enhancements while empowering and nurturing young tech talent on the continent.
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 leading 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.
“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,” says Aileen Rodel, co-founder and CEO of RE-TEC.
“We are 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 optimize 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,” concludes Peter Clark, Managing Partner of REdimension Capital.
