REdimension Capital has announced the final close of its Real Estate Technology Sustainability Fund I , with aggregate commitments surpassing R250 million. The fund, the only one of its kind in South Africa dedicated to property technology and sustainability, aims to drive innovation in the built environment through strategic investment in early-stage proptech companies.
The closing marks a strong vote of confidence in the funds mission and its unique platform model, which brings together real estate corporates, financial investors, and technology innovators to create mutual value.
In this second and final close, new investors Hyprop Investments and RDC Property Group joined the fund, while select existing investors increased their commitments. The funds investor base already includes Burstone Group, Growthpoint Properties, Rand Merchant Bank, Liberty Two Degrees, and Sphere Holdings. Collectively, these partners control more than 750 commercial properties and over 12 million square metres of lettable space .