Posts in category: Press

Rode Publications (Pty) Ltd, recognised as Rode Publications & Media, a prominent source of real estate market research and insights extensively used in South Africa’s property and financial services industries, is pleased to announce a strategic investment agreement with REdimension Capital.

This announcement marks a significant step in Rode Publications & Media’s evolution, positioning it for digital transformation and expansion in the real estate market intelligence sector. The investment, made from the REdimension Real Estate Technology and Sustainability Fund I, will enable the company to enhance its platform and offer more accessible, data-driven insights to real estate professionals.

Founded in 1987, Rode & Associates Property Consultants and Valuers built its reputation in real estate economics, property valuations, property market research, and property consultancy. Over the years, the business evolved into two distinct product lines: property valuations and market research and insights. Notably, the company pioneered the regular and rigorous surveying of market rental levels and capitalisation rates in South Africa, which set the foundation for property valuation benchmarking in the country. In 2024, Rode Publications & Media was established as a separate entity, resulting in the rebranding and digitisation of Rode’s market research and intelligence capabilities. 

By leveraging its well-established brand and extensive datasets, Rode Publications & Media aims to become the premier source for real estate intelligence in South Africa and potentially expand across Africa. This aligns with the increasing industry demand for real-time data, transparency, and efficiency in property-related decision-making.

Commenting on the transaction, Gavin Commins, director of Rode Publications & Media said, “The investment from REdimension represents a major milestone for Rode Publications & Media. Leveraging their strategic expertise, networks and resources, we are well-positioned to accelerate growth and develop a fit-for-purpose and innovative intelligence platform. Coupled with the exceptional team we are assembling, we will reimagine how data, analytics and insights are accessed, consumed and applied by a broad range of real estate stakeholders.”

Peter Clark and Matthew Marshall, the Partners at REdimension Capital, commented: “Rode Publications is a long-standing producer of research publications used extensively throughout the property and financial services sectors. We see the market opportunity to create a comprehensive and leading digital market intelligence platform for the real estate sector. Rode is very well positioned to create a new standard for real estate data, analytics and market insights in South Africa, and we are excited to support and contribute to its success.”

About Rode Publications & Media
Founded in 1987, Rode & Associates was a property valuations and publications business. Born out of the Rode & Associates acquisition by The Valuator Advisory in 2024, Rode Publications & Media was established as a new company to house the market research and insights business of the former Rode & Associates.

Currently, Rode Publications & Media produces market-respected research that is extensively used throughout the property and financial services sectors in South Africa and a variety of tangential industries. This research includes a significant range of proprietary and third-party market data and analysis garnered over almost four decades. In addition to complex statistical information, the ongoing research provides commentary on the state of the South African property market with forecasting based on market trends.

About REdimension Capital
REdimension Capital was established in South Africa in 2021 to accelerate innovation in the built environment. Leveraging the unique blend of property-centric skills and experience of its founders, the company has created an ecosystem at the intersection of real estate, technology and sustainability to enhance operational performance and improve sustainability in the built world. REdimension Capital has adopted an advisory-based approach to investing and works closely with strategic corporate partners to advise, invest and innovate future technology. REdimension Capital manages the REdimension Real Estate Technology and Sustainability Fund I, backed by Burstone Real Estate Partners, Growthpoint Properties, Rand Merchant Bank, Liberty Group, and Sphere Holdings, among others. REdimension Capital is a registered Financial Service Provider (No. 52205).

Contacts
Rode Publications
Mark Pettipher
mark@rodemedia.co.za
www.rodemedia.co.za

REdimension Capital
Peter Clark
Matthew Marshall
Aphiwe Qaba
info@redimensioncapital.com
www.redimensioncapital.com 

admyt, South Africa’s leading ticketless parking company focused on elevating the parking experience, is pleased to announce that it has agreed terms with REdimension Capital regarding a c. ZAR30 million investment into the company. The investment will be used to drive product enhancements, expand the number of admyt-enabled locations and to scale its dominant user base across its focused nodes in South Africa. 

The transaction is the first investment for the REdimension Real Estate Technology and Sustainability Fund, a fund advised by REdimension Capital and backed by strategic partners including Burstone Real Estate Partners, Growthpoint Properties, Rand Merchant Bank, Liberty Group and Sphere Holdings, amongst others.

On a mission to change the way people think about parking

admyt was founded in 2015 as a company focused on enhancing the parking user experience, providing seamless and ticketless access to retail, office and mixed-use properties across South Africa. Leveraging licence plate recognition software, the company has managed over 9 million parking events since its establishment and today boasts a user base of over 120,000 consumers across 60 sites in South Africa. admyt’s range of parking solutions include paid parking, tenant and visitor parking, bay bookings, parking market-places and more, with data and reporting tools providing insights into parking analytics and areas of optimisation. 

A highly strategic transaction

The transaction reflects REdimension Capital’s view that an improved user experience for real estate starts at the point of entry. Ticketed parking, currently an onerous process, is at an inflection point where new technologies such as those provided by admyt, are gaining significant traction with consumers. In addition, lower operational costs, enhanced consumer data and insights, and the environmental benefits of ticketless parking, provide demonstrable benefits to landlords. The company also has numerous additional product enhancements in development which will further drive the value proposition to landlords and consumers.

The investment represents a strategic milestone for admyt. The growth capital, combined with access to REdimension Capital’s broad network of investors, owners and operators, will allow admyt to collaborate and optimise its product offering, open up new focus nodes across South Africa and accelerate growth of its user base. 

Kfir Rusin and Devon Beynon, Joint Chief Executive Officers of admyt said: “2023 has been another year of significant momentum for admyt, marked by successful launches at V&A Waterfront, Table Bay Mall, and numerous other strategic locations. Building on this success, this transformative investment from REdimension will play a pivotal role in accelerating our growth, enabling us to expand our presence across major metros in SA and allowing us to reach a broader user base. The funding also supports our commitment to enhancing our product experience and optimising asset performance for landlords. We are particularly excited about our partnership with REdimension, as their strategic approach aligns perfectly with our focus on deeper landlord collaboration and partnerships that leverage technology for better outcomes. This investment is a crucial step towards fulfilling our vision of a fully ticketless future, bringing greater efficiency, sustainability and an enhanced user experience.”

Jordan Wainer, the founder of admyt, commented: “As the founder of admyt, witnessing our company embrace this dynamic new chapter with REdimension is truly exhilarating. Since inception, admyt has navigated through numerous fascinating phases, each contributing to our rich history of innovation in digital parking management. REdimension are much more than investors; as strategic partners they bring a depth of expertise and forward-thinking perspectives. I believe this collaboration is a catalyst for extraordinary growth and sets the stage for us to continue revolutionising the parking experience. It will also fortify our commitment to building further customer-centric solutions.”

Commenting on the transaction, Peter Clark, Managing Partner of REdimension Capital said: “We are thrilled to be partnering admyt as a company focused on enhancing convenience and efficiency through a seamless parking journey. We focus on investments that deliver a demonstrable impact on how real estate is owned, used and managed with an acute focus on lowering the sector’s carbon footprint. admyt’s highly innovative offering, and traction in the market, aligns with these principals and we look forward to working with their exceptional team to continue to drive a better user experience for consumers and landlords alike.”

About admyt: admyt is a leading digital parking management platform which uses license plate recognition (LPR) software and smartphone technology to offer cashless, ticketless & touch-less parking. With a track record of delivering world-class, tech-enabled ticketless parking since 2015, admyt is trusted by prominent property owners and operators, and its offering can be found at leading retail, office, and mixed-use precincts across South Africa.

About REdimension Capital:  REdimension Capital was established in South Africa in 2021 to accelerate innovation in the built environment. Leveraging the unique blend of property-centric skills and experience of its founders, the company has created an eco-system at the intersection of real estate, technology and sustainability with the ambition of enhancing operational performance and improving sustainability in the built world. REdimension Capital has adopted an advisory-based approach to investing and works closely with strategic corporate partners to advise, invest and innovate future technology. REdimension Capital is a category 1 Financial Service Provider (No. 52205).

Contact

Admyt

Devon Beynon

Kfir Rusin

marketing@admyt.com

www.admyt.com

REdimension Capital

Peter Clark

Matthew Marshall

info@redimensioncapital.com

www.redimensioncapital.com

REdimension Capital founders | Peter Clark (Managing Partner) & Matthew Marshall (Partner)

JOHANNESBURG, 1 AUGUST 2023 – REdimension Capital, a pioneering investment firm dedicated to reshaping the future of South African real estate, is pleased to announce the first close of its inaugural fund, the REdimension Real Estate Technology and Sustainability Fund I. This unique fund, which has received support from leading, forward-thinking stakeholders in the real estate sector, will focus on investing in early-stage innovative technology companies that deliver demonstrable improvements in the way property is developed, managed and engaged with. By strategically aligning with sector stakeholders, the fund has built an ecosystem of mutual value, aiming to deliver both investment and operating returns while accelerating technology adoption and driving sustainable outcomes. 

Founding investors rallying behind innovation

The fund has achieved its ambitious first close target having received total commitments of over R200 million. REdimension Capital is proud to have gained the trust and support of the fund’s founding investors including Investec Property Fund, Growthpoint Properties and Rand Merchant Bank who have anchored the fund. The fund is further supported with investment from Liberty Two Degrees, Liberty Group and Sphere Holdings, amongst others. The founding investors provide a significant strategic underpin with over 650 properties across sectors directly under management. This portfolio represents over 11 million sqm of gross lettable space and is valued at over R235 billion. 

Furthermore, it is anticipated that additional strategic commitments will be made to the fund before a final close on or before January 2025. The fund has also received significant interest from a range of co-investment partners, including from certain of the founding investors.

The intersection of real estate, technology and sustainability

The fund will target investment in companies developing high-impact solutions that operate at the convergence of real estate and technology. It will take a thematic approach to investment, focusing on areas which have a clear value proposition and solve for the sector’s challenges. This includes various built-world technologies that aim to improve the way assets are experienced, streamline management processes and decision-making, and which ultimately accelerate the digitalisation of the real estate industry. 

Sustainability lies at the core of the fund mandate – it is committed to supporting technologies that promote energy efficiency, a reduced carbon footprint, and contribute positively to local community engagement, thus helping to enhance climate resilience for the real estate sector and promoting social inclusion. 

As a fund backed by the industry’s incumbents, the intention is to support early-stage companies with inherently scalable business models and provide a platform for distribution and value creation.

Commenting on the launch

The founders of REdimension Capital, Peter Clark and Matthew Marshall, said: “We are thrilled to have achieved a first close for the REdimension Real Estate Technology and Sustainability Fund I. It marks a significant milestone in the evolution of property technology investment in South Africa. We are grateful for the support received from our founding investors and look forward to delivering for them while creating a meaningful and lasting positive impact on the markets in which we operate.”

About REdimension Capital

REdimension Capital was established in South Africa in 2021 to accelerate innovation in the built environment. Leveraging the unique blend of property-centric skills and experience of its founders, the company has created an eco-system at the intersection of real estate, technology and sustainability with the ambition of enhancing operational performance and improve sustainability in the built world. REdimension Capital has adopted an advisory-based approach to investing and works closely with strategic corporate partners to advise, invest and innovate future technology.

Contact

REdimension Capital

Peter Clark

Matthew Marshall

info@redimensioncapital.com

www.redimensioncapital.com

Webber Wentzel

Ashford Nyatsumba

Ashford.Nyatsumba@webberwentzel.com luations and publications business. Born out of the Rode & Associates acquisition by The Valuator Advisory in 2024, Rode Publications & Media was established as a new company to house the market research and insights business of the former Rode & Associates.

Currently, Rode Publications & Media produces market-respected research that is extensively used throughout the property and financial services sectors in South Africa and a variety of tangential industries. This research includes a significant range of proprietary and third-party market data and analysis garnered over almost four decades. In addition to complex statistical information, the ongoing research provides commentary on the state of the South African property market with forecasting based on market trends.

About REdimension Capital
REdimension Capital was established in South Africa in 2021 to accelerate innovation in the built environment. Leveraging the unique blend of property-centric skills and experience of its founders, the company has created an ecosystem at the intersection of real estate, technology and sustainability to enhance operational performance and improve sustainability in the built world. REdimension Capital has adopted an advisory-based approach to investing and works closely with strategic corporate partners to advise, invest and innovate future technology. REdimension Capital manages the REdimension Real Estate Technology and Sustainability Fund I, backed by Burstone Real Estate Partners, Growthpoint Properties, Rand Merchant Bank, Liberty Group, and Sphere Holdings, among others. REdimension Capital is a registered Financial Service Provider (No. 52205).

Contacts
Rode Publications
Mark Pettipher
mark@rodemedia.co.za
www.rodemedia.co.za

REdimension Capital
Peter Clark
Matthew Marshall
Aphiwe Qaba
info@redimensioncapital.com
www.redimensioncapital.com