What Halls Properties does

Halls Properties is a privately-held, family-owned property development and management company headquartered in Mbombela, Mpumalanga, South Africa, and one of the province's largest landowners. Its core operations revolve around the ownership, servicing, and disposal of land parcels within the 135+ hectare Riverside Park mixed-use precinct, supplemented by joint-venture development of specialised projects and ancillary development management services.

The company's product surface centres on successive Riverside Park extensions — Extension 30 (55 ha residential), Extension 44 (8 ha light industrial), and Extensions 35 & 36 — together with the Mataffin Macadamia Lifestyle and Assisted Living Village developed in partnership with Tony Lagerwey (Pty) Ltd. Underlying operational assets include a broker portal system that channels resale and rental activity within the node, and the Riverside Park City Improvement District (CID), which delivers municipal-grade management and infrastructure oversight. The company monetises primarily through episodic sales of serviced stands to commercial and residential developers, recurring CID management fees, JV profit-share from co-developed projects, and development management fees on third-party schemes.

Revenue mechanics are characteristic of a land-based property developer: lumpy stand-sale income supplemented by recurring management-related revenue. Notable anchor clients and tenants include Audi Mbombela, BMW Mbombela, and Volkswagen Mbombela (motor dealerships), VR Cargo (logistics hub), Curro Academy (education), and Green Valley Estate (residential). The company maintains institutional affiliations with SAPOA, SANBI, the University of Mpumalanga, the City of Mbombela Local Municipality, and Strauss Scher Inc Attorneys, and is a founding participant in the Greater Riverside Biodiversity Initiative.

Name

Halls Properties

Legal name

Halls Properties

Website

https://hallsproperties.co.za

Company type

Private

Founded year

1890

Operating status

Operating

Headcount range

1–10 employees

Short description

Halls Properties is a privately-held Mbombela-based property developer and one of Mpumalanga's largest landowners, operating the 135+ hectare Riverside Park mixed-use precinct. The company sells serviced stands to commercial and residential buyers, runs JV developments including an assisted-living village, and provides development management services.

Ownership category

akta.pro rank

Product category

Land Development / Property Development

NAICS

Land Subdivision (237210), Land Subdivision (2372)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Land development
• Property development
• Serviced land sales
• Mixed-use precinct
• Development management services

Headquarters

HQ city

Maafrine

HQ country

Tunisia

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Land Sales: Sale of commercial and residential land for investment and development. Properties are sold as fully serviced stands ready for immediate construction. Revenue is generated through one-time transaction fees upon transfer of property ownership at the Registrar of Deeds.
2. Development Management Services: Development management services offered to landowners within the Riverside Park Precinct. Halls Properties provides top structure development services for commercial developments including motor dealerships, logistics hubs, and other buildings.
3. Joint Venture Developments: Joint venture partnerships for residential developments, such as the Mataffin Macadamia Lifestyle and Assisted Living Village developed in partnership with Tony Lagerwey (Pty) Ltd.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Halls Properties develops, services, and sells fully serviced commercial, residential, and industrial land parcels in Mbombela, Mpumalanga, anchored by the multi-phase Riverside Park Precinct. The company also provides development management services to landowners wanting to develop top structures on its land and operates a broker portal enabling registered property brokers to facilitate transactions.

Product overview

Halls Properties is a property development company operating as both a land developer and development manager in Mbombela, Mpumalanga. The core offering centers on the Riverside Park Precinct, a mixed-use development spanning multiple phases. The company sells serviced land parcels for residential, commercial, and industrial development (including Riverside Park Extensions 30, 35, 36, and 44), offers development management services to landowners, and provides a Broker Portal for property intermediaries. A joint venture project, Mataffin Macadamia Lifestyle and Assisted Living Village, represents a residential lifestyle product line.

Differentiator

Problem solved

Functional benefit

Products and services

• Riverside Park Precinct Mixed-use development precinct spanning multiple phases (Phases 1, 2, 3) and covering 135+ hectares in Mbombela, Mpumalanga. Home to national brands, local businesses, and residential developments bordering the Lowveld Botanical Gardens, and operating under a City Improvement District (CID) management model.
• Riverside Park Extension 44

Quantifiable outcome

• 280 ha of green space created through GRBI initiative, enhancing city resilience to climate change
• +1 more outcomes

Named customers6 records

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

Eight partnerships are on record, tiered core and minor.

• Riverside Park Precinct AssociationcoreStrategic or Co-development PartnerThe Riverside Park Precinct Association shares commitment to maintaining Riverside Park as a well-managed, sustainable and economically vibrant precinct benefiting landowners, businesses and the broader community.
• Greater Riverside Biodiversity Initiative (GRBI)coreStrategic or Co-development PartnerHalls Properties is founder member and continued representative of the GRBI, dedicated to protection of Riverside's natural assets. Initiative establishes 280 ha of interconnected green spaces in Greater Riverside area.
• South African Property Owners Association (SAPOA)minorOthersMembership keeps Halls Properties aligned with national property industry standards and best practice in property development and governance, providing access to market insights, research and policy engagement.
• City of Mbombela Local MunicipalitycoreStrategic or Co-development PartnerStrategic partnership with municipality for the Greater Riverside Biodiversity Initiative and broader urban development in Mbombela.
• South African National Biodiversity Initiative (SANBI)coreStrategic or Co-development PartnerPartner in the Greater Riverside Biodiversity Initiative, bringing national biodiversity expertise to the green spaces development project.
• University of MpumalangacoreStrategic or Co-development PartnerAcademic partner in the Greater Riverside Biodiversity Initiative, contributing research and expertise to the environmental conservation project.
• Tony Lagerwey (Pty) LtdcoreStrategic or Co-development PartnerJoint venture partner in the Mataffin Macadamia Lifestyle and Assisted Living Village development, located within the original Halls family and staff village on Mbombela outskirts.
• Strauss Scher Inc AttorneysminorImplementation/ SI/ Consulting PartnerAppointed conveyancing firm for all commercial property transactions, handling transfer documentation and process management.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Growthpoint Properties: Largest JSE-listed REIT with diversified commercial, industrial, and retail property. Comparable to Halls as a major South African landlord and developer, but at vastly larger scale and with a recurring rental income model rather than land-sale transactions.
• Resilient REIT: JSE-listed REIT specializing in retail property in South Africa and neighboring African markets. Comparable as a long-term South African property platform, but with a focused retail-rentals mandate that overlaps with Halls' commercial land strategy rather than its core land-sales business.
• Octodec Investments: JSE-listed property fund focused on inner-city Johannesburg mixed-use and residential buildings. Comparable as a South African property operator with diversified urban holdings, though concentrated in a different node (JHB CBD vs Mbombela).
• Redefine Properties: Second-largest JSE-listed REIT with a diversified South African and offshore portfolio. Comparable as a broad incumbent in South African commercial real estate, but operates at institutional scale rather than as a regional land subdivider.
• Fortress REIT: JSE-listed REIT with retail and industrial property exposure. Comparable as a broad South African property incumbent, but operates as a fund manager and landlord rather than as a regional land developer.
• Emira Property Fund: Mid-cap JSE-listed REIT with diversified office, retail, industrial, and residential property. Comparable as a broad South African property operator, though its model is asset ownership and rental yield rather than land subdivision.

Direct peers

• Balwin Properties: JSE-listed residential developer building large-scale apartment developments for sale to end-buyers. Comparable to Halls on the residential development side, though at a more downstream (construction-and-sale) stage than Halls' land-sales model.
• Calgro M3 Holdings: JSE-listed integrated residential property developer focused on mixed-use, affordable housing, and memorial parks. Comparable to Halls in land assembly, township establishment, and serving developer/investor buyers with serviced, entitled parcels.
• Atterbury Property Group: Private South African property developer and investment company developing large-scale mixed-use precincts. Closely comparable to Halls in that it develops, owns, and curates destination precincts with national retail and commercial tenants.
• Heriot Properties: Private South African property investment and development group with mixed-use and commercial holdings. Comparable to Halls as a privately-held, regionally-focused mixed-use developer with land-banking and tenant-anchored precincts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/halls-properties
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

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 Halls Properties