Moolman Group

What Moolman Group does

Moolman Group is a South African commercial property developer and asset manager, operating as a collective of private family-owned companies headquartered in Pretoria with a regional office in Polokwane. The firm was founded in 1967 and today holds a portfolio of 92 properties totalling approximately 1,287,000m² of gross leasable area across six South African provinces (Gauteng, Limpopo, KwaZulu-Natal, Western Cape, North West, and Mpumalanga). The business runs two service lines: a Property Development Division that handles site selection, project feasibility, cost estimation, project budgeting and development coordination for commercial and retail investments; and an Asset Management Division that provides leasing strategy, tenant mix optimisation, marketing, and acquisition/disposal/redesign advisory for institutional property owners. The portfolio spans retail shopping centres, Makro/CBD and value centres, and commercial and industrial assets. Notable holdings include Rustenburg Mall (40,000m², opened 2021), The Greenery in Polokwane (11,000m², 2023), Barlow Park mixed-use precinct in Sandton (2024), Princess Mkabayi Mall in Vryheid (2024), Garden Walk in Hartenbos (20,000m², 2026), and Prince Buthelezi Mall in Empangeni (37,000m², 2026).

Name

Moolman Group

Legal name

Moolman Group

Website

https://moolmangroup.co.za

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

11–50 employees

Short description

Moolman Group is a South African family-owned commercial property developer and asset manager with a 92-property, 1.287 million m² retail, commercial and industrial portfolio. Founded in 1967, it delivers development, leasing, and asset management services to institutional investors across six provinces.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industry

Mixed-Use Property Management (BPAJAGAE)

Keywords

• Commercial property development
• Asset management services
• Retail property investment
• Shopping centre development
• Industrial property development

Headquarters

HQ city

Gauteng

HQ country

South Africa

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Others

Revenue model

1. Property Development Fees: The Property Development Division acquires and develops commercial properties for private investment. Services include site selection, project feasibility studies, preliminary cost estimates, project budgeting, and all levels of development coordination.
2. Asset Management: Asset Management Division aids clients in maximising the value of their assets through holistic management strategies including leasing strategies, tenant mix management, marketing strategies, and investment strategies on acquisitions, disposals and redevelopment functions.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Moolman Group is a South African property investment and management enterprise that acquires, develops and manages commercial properties on behalf of private investors and its own portfolio. Its Property Development Division delivers site selection, project feasibility studies, preliminary cost estimates, project budgeting and full development coordination, while its Asset Management Division maximises asset value through leasing strategies, tenant mix optimisation, marketing strategies and investment strategies covering acquisitions, disposals and redevelopment. The portfolio spans 92 properties totalling 1,287,000m² of GLA across shopping centres, Makro/CBD/value centres, and commercial and industrial assets in South Africa.

Product overview

The Moolman Group is a South African property investment and management enterprise offering a comprehensive and professional approach to property development and asset management. The company operates a diversified portfolio of 92 properties totaling 1,287,000m² of GLA, comprising three main product categories: Shopping Centres (retail malls across South Africa), Makro/CBD & Value Centres, and Commercial & Industrial properties. The company provides two core service divisions: Property Development (acquiring and developing commercial properties from site selection through development coordination) and Asset Management (maximising asset value through leasing strategies, marketing, and investment strategies). Notable retail products include Garden Walk (20,000m² coastal shopping centre in Hartenbos), Prince Buthelezi Mall (37,000m² in Empangeni), Princess Mkabayi Mall, Rustenburg Mall (40,000m²), and The Greenery (11,000m² in Polokwane). The company also develops industrial facilities such as Riverfields Business Park near OR Tambo.

Differentiator

Problem solved

Functional benefit

Brands

• MPower: Internal division or service offering of Moolman Group

Products and services

• Property Development Division Acquires and develops commercial properties for private investment on behalf of clients, delivering a full spectrum of services from site selection and project feasibility studies through preliminary cost estimates, project budgeting and all levels of development coordination, with due regard to financial planning.
• Asset Management Division Helps clients maximise the value of their assets through holistic management strategies covering leasing strategies, tenant mix optimisation, marketing strategies, and investment strategies on acquisitions, disposals and redevelopment functions.
• Shopping Centres Portfolio Core retail shopping centre portfolio of multiple regional malls and convenience centres across South Africa, forming part of Moolman Group's owned and managed portfolio of 92 properties totalling 1,287,000m² of GLA.
• Makro, CBD and Value Centres Portfolio category comprising Makro stores, central business district (CBD) locations and value-oriented shopping centres within Moolman Group's owned and managed property portfolio.
• Commercial and Industrial Properties Commercial and industrial property portfolio covering logistics hubs, business parks and industrial facilities owned, developed and managed by Moolman Group across South Africa, including the Riverfields Business Park industrial developments near Kempton Park.
• Prince Buthelezi Mall 37,000m² retail shopping centre in Empangeni, KwaZulu-Natal with over 100 stores, anchored by Checkers Fresh X, Shoprite, Boxer, Dis-Chem, Clicks, Woolworths, Roots and Crazy Plastics; co-developed with Twin City and Melta Capital.
• Garden Walk 20,000m² coastal-inspired upmarket convenience shopping and lifestyle centre in Hartenbos along the Garden Route, anchored by Checkers FreshX, Food Lover's Market and Dis-Chem, with 502 parking bays and a mix of national retailers and local establishments.
• Rustenburg Mall State-of-the-art 40,000m² shopping centre in Rustenburg, North West province, developed by Moolman Group in partnership with MDS Architecture.
• Princess Mkabayi Mall Shopping centre in Vryheid, KwaZulu-Natal, opened in November 2024 with a formal royal opening ceremony by His Majesty the King of the Zulu Nation MisuZulu kaZwelithini.
• The Greenery 11,000m² convenience shopping centre in Polokwane, Limpopo offering a one-stop shopping experience, anchored by Checkers, Checkers Liquor, Woolworths Food, Woolworths Cellar, Clicks, Meat World, Intercare and West Pack Lifestyle; co-owned and developed with Networth Group.
• Barlow Park (Retail) Revitalised mixed-use retail precinct in Sandton developed by Moolman Group, transforming the former Barloworld headquarters site into a contemporary retail destination with the retail component opened 29 February 2024.
• Mall at Newmarket (Expansion) Expansion of an existing shopping centre in Alberton, Gauteng, adding 2,320m²; delivered by Moolman Group with Rejem Property Development and Linton Projects.

Quantifiable outcome

• Vacancy at Fourways Mall reduced from 16.1% to 9.4% following R346 million investment since 2024 appointment.
• +2 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core and minor.

• KL Development (KLD)coreStrategic or Co-development Partner · 1 October 2024Joint venture partner for R21 Riverfields Business Park South, a new industrial property development within the Riverfields Precinct near Kempton Park. Ground-breaking announced March 2026.
• Flanagan & GerardcoreStrategic or Co-development Partner · 1 January 2024Appointed alongside Moolman Group in 2024 to manage and upgrade Fourways Mall. Jointly driving R346 million investment programme to reduce vacancy and improve trading metrics. Expects vacancy to decline to ~5% by September with additional R100 million upgrade.
• BluewaterminorGTM or Marketing Partner · 1 September 2023Partnership to install Bluewater purified water stations at Ferndale on Republic Shopping Centre. Bluewater's SuperiorOsmosis technology provides water purification. Bluewater holds Fast Company World Changing Ideas Awards and K&B Kitchen Innovation of the Year Award.
• Organic CoralcoreStrategic or Co-development PartnerCo-developer of Garden Walk shopping centre in Hartenbos, a 20,000m² retail destination opened March 2026.
• DorpstraatcoreStrategic or Co-development PartnerCo-developer of Garden Walk shopping centre in Hartenbos, a 20,000m² retail destination opened March 2026.
• Twin CitycoreStrategic or Co-development PartnerCo-owner and developer of Prince Buthelezi Mall (37,000m²) in Empangeni, opened April 2026. Also partner in Hebron Mall and other developments.
• Melta CapitalcoreStrategic or Co-development PartnerCo-owner and developer of Prince Buthelezi Mall (37,000m²) in Empangeni, opened April 2026.
• Networth GroupcoreStrategic or Co-development PartnerLong-term local partner and co-owner of The Greenery shopping centre in Polokwane (11,000m², opened October 2023). Joint CEO Joe Mukwevho noted synergy with Polokwane Municipality.
• Rejem Property DevelopmentminorStrategic or Co-development PartnerDevelopment partner for the Mall at Newmarket expansion in Alberton, alongside Moolman Group and Linton Projects.
• Linton ProjectsminorImplementation/ SI/ Consulting PartnerProject delivery partner for the Mall at Newmarket expansion in Alberton, alongside Moolman Group and Rejem Property Development.
• AblandminorStrategic or Co-development PartnerDevelopment partner with Moolman Group for Merino Mall in Ermelo, a 28,000m² fully enclosed small regional shopping centre.

Scale indicators12 records

Recent moves17 records

Expansion highlights5 records

Direct peers

• Twin City: South African retail property developer that has co-developed Prince Buthelezi Mall, Hebron Mall, and other projects with Moolman Group. Directly comparable in shopping centre development and JV-based execution.
• Accelerate Property Fund: JSE-listed REIT focused on retail and industrial property in South Africa, owner of Fourways Mall and a direct counterpart to Moolman Group's asset management mandate. Comparable in retail property focus and South African geography.
• Flanagan & Gerard: South African retail property development and asset management firm, co-appointed with Moolman Group to manage and upgrade Fourways Mall in 2024. Directly comparable as a specialist retail developer/asset manager with overlapping service lines.
• Networth Group: South African retail property developer and co-owner of The Greenery in Polokwane alongside Moolman Group. Comparable as a regional retail developer targeting similar South African nodes.
• Abland: South African property development company that co-developed Merino Mall in Ermelo with Moolman Group. Comparable as a regional retail and commercial developer operating in the same geographies.
• Rejem Property Development: South African retail property developer that partnered with Moolman Group on the Mall at Newmarket expansion in Alberton. Comparable as a regional retail developer executing shopping centre projects in similar SA geographies.

Broad incumbents

• Vukile Property Fund: JSE-listed retail-focused REIT with assets in South Africa and Spain. Comparable in retail real estate focus and asset management discipline, though operates at listed-REIT scale rather than family-owned.
• Resilient REIT: JSE-listed REIT focused on retail property in South Africa and neighbouring markets. Comparable as a retail property portfolio operator with regional mall assets overlapping Moolman Group's core segment.
• Growthpoint Properties: Largest South African REIT with a diversified portfolio spanning retail, office, and industrial assets. Comparable as a large-scale commercial real estate owner and asset manager in the same geography, though Moolman is far more retail-focused and privately held.
• Hyprop Investments: JSE-listed REIT focused on dominant retail centres across South Africa, Eastern Europe, and West Africa. Comparable in retail asset management mandate, though at significantly larger scale and with public capital.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/themoolmangroup
• Instagraminstagram.com/moolmangroup

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Moolman Group