Eris Property Group

What Eris Property Group does

Eris Property Group (Pty) Ltd is a fully integrated property development and services group headquartered in Sandton, Johannesburg, with operations across South Africa and selected African markets. The company was formed in 2008 following the restructure of RMB Properties (Pty) Ltd (founded 1987) and is 73.75% owned by JSE-listed Momentum Metropolitan Holdings, with the balance held by an Employee Trust and management. The group operates eight service divisions covering property development, property management, asset management, facilities management, property valuations, investments and fund management, specialist retail services, and corporate real estate solutions, plus a dedicated student accommodation vertical (Rise Student Living and the SASAII investment vehicle). Reported scale includes 275 staff, 9 offices across South Africa, Ghana, Mauritius, Malawi, Botswana, and Namibia, R22 billion of properties under management, 1.36 million square metres of total GLA developed since 1993, and R36.2 billion of completed developments.

The underlying technology stack is a set of proprietary, in-house systems: an IT management system for customised property management and reporting, a sophisticated valuation software suite, and a Computerised Facilities Management System (CFMS) that integrates technical, soft, and business support services under a single point of contact. Revenue is generated across multiple streams, including recurring management and asset management fees on the R22bn AUM base, facilities management contracts, professional valuation fees, leasing/brokerage commissions, development fees and principal participation (e.g., FNB Contact Centre, Outsurance Centurion, Portside Cape Town JV with Old Mutual), and fund-level economics as developer/advisor to the $205m Momentum Africa Real Estate Fund (MAREF) and the R2bn-targeted SASAII student accommodation fund.

Go-to-market combines enterprise field sales via direct regional offices and dedicated account teams serving institutional landlords, listed property funds, large corporates, and universities, supplemented by a broker portal distributing monthly vacancy schedules and offer documents, and a self-service online property portal (erisonline.co.za) for commercial and retail tenants. Customer concentration spans financial services (FNB, Old Mutual, Outsurance), insurance, higher education (UCT, Wits, Sol Plaatje), hospitality, and institutional fund investors, with a recurring tenant base of 2,600 across managed properties and 36 named development clients.

Name

Eris Property Group

Legal name

Eris Property Group (PTY) Ltd

Website

https://eris.co.za

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

251–500 employees

Short description

Eris Property Group is a fully integrated South African property development and services group, 73.75%-owned by Momentum Metropolitan Holdings, providing development, property, asset, and facilities management, valuations, fund management, and student accommodation across South Africa and select African markets.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Nonresidential Property Managers (531312), Real Estate Property Managers (53131), Residential Property Managers (531311), Offices of Real Estate Agents and Brokers (53121), Offices of Real Estate Appraisers (53132)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industries

Property Management Advisory & Leasing Administration (FSAEAJAN), Student Housing Collections, Delinquency & Financial Administration (BPAJAJAI)

Keywords

• Commercial property management
• Property development services
• Asset management
• Facilities management
• Real estate fund management

Headquarters

HQ city

Johannesburg

HQ country

South Africa

HQ region

Africa

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Property Management Services: Comprehensive property management including letting, lease administration, maintenance, retail management, building management, legal services, and financial management. Revenue generated through management fees based on property value and rental income.
2. Property Development: Development undertaken as principal for own account and for third party investors. Focus on green and brown fields projects including refurbishments and development consulting. Revenue from development fees and profit participation.
3. Asset Management: Optimal management of client funds and property portfolios. Services include portfolio optimization, strategic planning, performance measurement, investment analysis, due diligence, and capital expenditure management. Revenue through asset management fees.
4. Facilities Management: Integrated facilities management providing convenience with single point of contact for technical services, soft services, and business support. Delivered through sophisticated CFMS system.
5. Property Valuations: Professional valuation of land, commercial, retail and industrial properties throughout South Africa and into Africa. Undertaken for financial reporting, sale/purchase, due diligence, finance, and insurance purposes.
6. Fund Management: Fund management activities as principal and with joint ventures. Currently rolling out private equity funds in local and African markets. Manages Eris Property Fund, Momentum Africa Real Estate Fund, Momentum Property Opportunities Fund, and SASAII.
7. Specialist Retail Services: Retail leasing, advising on design and tenant mix, refurbishment consulting, tenant representation, and retail market analysis. Revenue from leasing commissions and consulting fees.
8. Student Accommodation: Student accommodation development, investment management through SASAII, and real estate management through Rise Student Living. Revenue from development fees, investment management, and property management.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Eris Property Group provides integrated commercial real estate services across South Africa and sub-Saharan Africa, including property development (as principal and for third-party investors), property management, asset management, facilities management, property valuations, specialist retail services, leasing and investment broking, and corporate real estate solutions. The group also develops and manages student accommodation through Rise Student Living, and operates dedicated property investment funds (MAREF, MPOF, SASAII). Revenue is generated through management fees, development fees, asset management fees, valuation fees, and leasing commissions.

Product overview

Eris Property Group is a fully integrated property development and services group offering a comprehensive suite of commercial property services across South African and sub-Saharan African markets. The portfolio comprises core service divisions (Property Development, Property Management, Asset Management, Facilities Management, Property Valuations, Investments and Fund Management, Specialist Retail Services, and Corporate Real Estate Solutions) complemented by specialized investment vehicles (Momentum Africa Real Estate Fund, Momentum Property Opportunities Fund, and SASAII student accommodation fund) and the Rise Student Living brand for student accommodation management. The company operates as principal and for third-party investors, managing R22 billion in properties with 1.36 million sqm of GLA across 9 offices.

Differentiator

Problem solved

Functional benefit

Brands

• Rise Student Living: Student accommodation management platform launched in 2019, involved in leasing and administration, facilities and operations management
• SASAII
• Eris FM

Products and services

• Property Development Property development services undertaken as principal for own account and for third-party investors, focusing on greenfield and brownfield projects including refurbishments and development consulting.
• Property Management Comprehensive property management services including letting, lease administration, maintenance, retail management, building management, legal services, and financial management, maximising net income by increasing rental income, reducing vacancies, and minimising operating expenses and arrears. Delivered via a proprietary in-house IT management system with customised reporting.
• Asset Management Property asset management that optimally manages client funds and property portfolios through portfolio optimisation, strategic planning, performance measurement, investment analysis, due diligence, and capital expenditure management, targeting listed funds, large corporates, and private property funds.
• Facilities Management Integrated facilities management delivering technical services, soft services, and business support functions through a sophisticated Computerised Facilities Management System (CFMS), with a single-point-of-contact model for client convenience.
• Property Valuations Professional valuation of land, commercial, retail, and industrial properties throughout South Africa and into Africa, performed for financial reporting, sale or purchase, due diligence, finance, and insurance purposes using in-house valuation software.
• Investments and Fund Management Fund management activities undertaken as principal and through joint ventures, rolling out private equity funds in local and African markets; manages Eris Property Fund, Momentum Africa Real Estate Fund, Momentum Property Opportunities Fund, and SASAII.
• Specialist Retail Services Retail property services focused on unlocking the potential of neighbourhood, community, specialist, and regional centres through retail leasing, design and tenant mix consulting, refurbishment advisory, and retail market analysis.
• Corporate Real Estate Solutions A dedicated Corporate Real Estate Solutions team providing bespoke property solutions to corporate clients, drawing on industry knowledge, experience, and current market trends.
• Student Accommodation (Rise Student Living) Purpose-built student accommodation (PBSA) development, investment management through SASAII, and real estate management through the Rise Student Living brand, providing residential accommodation for students near South African universities.
• Momentum Africa Real Estate Fund (MAREF) USD-denominated, Mauritius-domiciled private equity fund focused on developing Grade A office blocks, warehouses, and shopping malls in select sub-Saharan African countries (excluding South Africa), with Eris acting as appointed developer and fund advisor. $205m institutional fund size with $400m including debt available.
• Momentum Property Opportunities Fund (MPOF) Rand-denominated, South Africa-domiciled private equity fund focused on developing select property opportunities in South Africa and select SADC countries.
• South Africa Student Accommodation Impact Investments (SASAII) Rand-denominated, South Africa-domiciled private equity fund focused exclusively on student accommodation opportunities in South Africa, targeting R2 billion in raised equity capital with a minimum investment of R50 million per investor and a 14% after-tax IRR target (CPI plus 8%).

Named customers9 records

Segments7 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered major and minor.

• OmnicanemajorStrategic or Co-development Partner75/25% partnership with Omnicane in Mauritius. Omnicane is one of 2 major sugar producers in Mauritius, a significant power producer, and a property development company listed on the Stock Exchange of Mauritius with 92 years of operation.
• NICO Holdings plc (NHL)majorStrategic or Co-development PartnerJoint venture partner for Eris Properties Malawi Limited (EPML) established in August 2017. NHL is a Malawian financial services organization established in 1965 with interests spanning insurance, pensions administration, banking, asset management and information systems across the SADC region.
• International Finance Corporation (IFC)minorStrategic or Co-development PartnerMAREF has committed to follow IFC's EDGE principles on all projects. EDGE (Excellence in Design for Greater Efficiencies) is a green building certification system.
• Khumo Property Asset ManagementminorChannel Partner/ Reseller/ DistributorBotswana-based property asset management company operating as Eris's representative in Botswana. Located at Fairgrounds Office Park in Gaborone.

Scale indicators13 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Broll Property Group: Pan-African property services firm offering property management, facilities management, valuations, brokerage and investment advisory across Sub-Saharan Africa. Closest head-to-head peer to Eris's integrated service model and geographic footprint.
• Pam Golding Properties: South Africa's largest residential and commercial real estate brand, providing sales, leasing and property management services. Comparable to Eris's property management and brokerage operations in the South African market.
• Calgro M3 Holdings: JSE-listed integrated property developer focused on human settlements, student accommodation (PBSA), and memorial parks. Directly comparable to Eris's development and student accommodation (Rise Student Living, SASAII) franchises.

Broad incumbents

• Growthpoint Properties: Largest South African REIT with a diversified portfolio across office, retail, industrial and development. Overlaps with Eris's commercial asset management, property management and development mandates for institutional clients.
• Redefine Properties: Major JSE-listed REIT with diversified South African and Pan-African assets. Comparable to Eris on the institutional asset management and property management dimensions of its listed-property-fund client base.
• Knight Frank: Global real estate consultancy with established African operations covering commercial, residential and valuation services. Competes with Eris for cross-border mandates, institutional clients and pan-African investment advisory work.
• JLL (Jones Lang LaSalle): Global commercial real estate services and investment management firm with Africa coverage. Competes with Eris in capital markets, property and asset management, valuations and facilities management at the top end of the market.
• Cushman & Wakefield: Global commercial real estate services platform with South African and broader African operations. Direct competitor to Eris on commercial property management, valuations and investment advisory mandates.
• CBRE: World's largest commercial real estate services firm with growing Africa presence. Competes with Eris on institutional asset management, capital markets, property management and integrated facility management mandates.
• Emira Property Fund: Diversified JSE-listed REIT with direct property holdings and third-party asset management mandates. Comparable to Eris's listed-property-fund asset management business and overall institutional investor focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eris Property Group