Waterfall City Management Company

What Waterfall City Management Company does

Waterfall City Management Company (WCMC), operating under legal entity AWIC Waterfall TM JVCO (RF) Pty Ltd and within the Attacq Limited (JSE: ATT) group, manages and operates Waterfall City — a 2,200-hectare mixed-use development located between Kyalami, Midrand, and Woodmead in Gauteng, South Africa. The precinct integrates commercial office space across multiple A-grade nodes (Waterfall City CBD, Corporate Campus, Waterfall Point, Waterfall Circle, Woodmead North Office Park), ten retail centres anchored by the 113,000m² Mall of Africa with over 600 retail stores, a dedicated logistics hub serving tenants such as BMW and Cotton On, eleven residential estates ranging from entry-level to retirement lifestyle, four hotels, a Netcare private hospital, three private schools plus STADIO tertiary, and 14 gyms across an integrated live-work-play-learn ecosystem. The buildout is approximately 50% complete with planned ultimate capacity of 175,000 residents.

Underlying technology infrastructure is a core differentiator: a carrier-neutral open-access fibre optic network (operated by Waterfall Access Networks) spanning over 700km of installed duct infrastructure with dedicated links to Teraco data centres; six substations delivering 180MW of power; integrated security comprising approximately 1,600 CCTV cameras with facial and number-plate recognition; the GO Waterfall mobile application; and the Mall of Africa rooftop solar PV/diesel hybrid installation (15,000 panels, billed as the world's largest integrated rooftop solution). The smart city management platform coordinates traffic, security, water, power, sustainability, and waste management.

WCMC's revenue model is anchored on recurring commercial and retail leasing across the precinct, supplemented by residential property sales and leasing, logistics property leasing, property management services delivered through Attacq Management Services, and connectivity services via Waterfall Access Networks. Distribution is via direct enterprise leasing teams, on-site sales centres for each residential estate, and physical retail storefront presence. Pricing is quote-based and negotiated, with residential offerings spanning from entry-level to multi-million rand units (Waterfall View listed from R7,500 to R20,000,000).

Name

Waterfall City Management Company

Legal name

AWIC Waterfall TM JVCO (RF) Pty Ltd

Website

https://waterfallcity.co.za

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Waterfall City Management Company manages and operates Waterfall City, a 2,200-hectare mixed-use smart-city development in Gauteng, South Africa, integrating commercial office, retail, logistics, residential, hospitality, healthcare, and education assets for corporate tenants, residents, and visitors on behalf of the Attacq group.

Ownership category

akta.pro rank

Headquarters

HQ city

Johannesburg

HQ country

South Africa

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Commercial Property Leasing: Leasing of office space including Waterfall City CBD, Corporate Campus, Waterfall Point, Waterfall Circle, and Woodmead North Office Park to corporate tenants.
2. Retail Property Leasing: Leasing of retail space across 10 shopping centres including Mall of Africa, Waterfall Corner, Waterfall Wilds, Polofields Crossing, and other retail parks.
3. Logistics and Industrial Property: Leasing of warehouse and distribution space at Waterfall City Logistics Hub including Distribution Campus and Logistics Precinct.
4. Residential Property Sales and Leasing: Sale and leasing of residential units across 11 residential developments including Ellipse, Waterfall View, The Villas, and mature lifestyle estates.
5. Property Management Services: Management services provided through Attacq Management Services and Waterfall Management Company for common areas, security, and infrastructure maintenance.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Waterfall City Management Company develops, leases and manages Waterfall City, a 2,200-hectare mixed-use smart-city precinct in Gauteng, South Africa. The portfolio encompasses A-grade commercial office space, retail shopping centres (anchored by Mall of Africa), logistics and distribution facilities, and 11 residential estates, supported by integrated fibre optic, security, energy and mobility infrastructure. The company generates recurring rental income from corporate tenants, retailers, logistics operators and residents across the precinct.

Product overview

Waterfall City is a large-scale mixed-use development presented as a unified smart city ecosystem. The portfolio spans retail (Mall of Africa, Waterfall Corner, Waterfall Wilds, Polofields Crossing, Woodmead retail parks), commercial real estate (Waterfall City CBD, Corporate Campus, Gateway West, Waterfall Point, Waterfall Circle, Woodmead North Office Park), logistics facilities (Waterfall Distribution Campus, Logistics Precinct), residential estates (11 developments including Ellipse, Kikuyu, Munyaka, Polofields, Country Estate/Village, Equestrian Estate, Hills/Valley Mature Lifestyle Estates, Waterfall View, The Sheds, The Villas, Aspire), hospitality (Courtyard Hotel, City Lodge, Holiday Inn Express, Riboville Boutique), healthcare (Netcare Waterfall City Hospital, frail care centres, Virgin Active, Bodytec gyms, Life Day Spa), education (Dibber Montessori, Curro Waterfall, Reddam House Waterfall, STADIO Waterfall), and technology infrastructure (GO Waterfall app, fibre optic network, CCTV/surveillance systems). These components are coordinated through Waterfall City Management Company and Attacq Limited to deliver an integrated urban living, working, and lifestyle experience.

Differentiator

Problem solved

Functional benefit

Brands

• GO Waterfall App: Mobile application developed for residents and workers in Waterfall City to access services and community features
• Waterfall City Park
• The Source

Products and services

• Mall of Africa
• Waterfall City Corporate Campus
• Waterfall City CBD
• Waterfall City Logistics Hub
• Waterfall City Residential Developments
• Waterfall City Hotels
• GO Waterfall App
• Waterfall City Neighbourhood Retail Centres
• Waterfall City Property Management Services

Quantifiable outcome

• 8034 tons of CO2 saved annually through Mall of Africa solar installation
• +2 more outcomes

Named customers19 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core and flagship.

• Waterfall Access NetworkscoreTechnology or IntegrationCarrier-neutral Open Access Network operator responsible for Waterfall City's world-class fiber optic and wireless communication infrastructure with over 700km of installed duct infrastructure and dedicated links to Teraco data centres.
• Fire Ops SAcoreOthersPrivate fire brigade service providing 24/7 emergency response to Waterfall City with dedicated crew, three service vehicles, and rapid response capability within 7 minutes. Bases located at Old Pretoria Road with full rescue capabilities including Jaws of Life and diving equipment.
• Charter Cities InstituteflagshipStrategic or Co-development PartnerCCI partnership to host the 2026 New Cities Summit at Waterfall City, bringing together over 600 leaders from private and public sectors to address urban development challenges under the theme of capital, infrastructure, and governance.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Hudson Yards: Large-scale master-planned mixed-use precinct in New York combining offices, retail, residential and public space. Comparable as a globally benchmarked smart-city / mixed-use development of similar ambition.
• Songdo International Business District: Greenfield master-planned smart-city development in South Korea built around sustainable infrastructure and integrated digital services. Comparable as a global benchmark for tech-enabled precinct development at scale.
• Attacq Limited: Parent company and JSE-listed property developer focused on retail, office and mixed-use precincts. Operates in the same space at scale and holds Waterfall City itself, making it both parent and peer.

Direct peers

• Century City: Mixed-use precinct in Cape Town combining offices, retail (including a major shopping centre), residential and leisure. Directly comparable as a South African mixed-use development with similar integrated commercial, residential and retail offerings.
• Modderfontein (Mooikloof Smart City / Shanghai Zendai): A large new-town development east of Johannesburg, similarly positioned as a smart-city precinct. Directly competes for corporate tenants, residents and master-planned mixed-use positioning in Gauteng.
• Melrose Arch: High-density mixed-use precinct in Johannesburg featuring offices, retail, hotels and apartments. Comparable as a Gauteng-based mixed-use destination targeting blue-chip corporate tenants and premium retail.
• Steyn City: Large-scale mixed-use residential-led development in Johannesburg/Midrand area. Comparable as a South African luxury mixed-use precinct competing for the same affluent tenants and corporate relocations in Gauteng.

Emerging players

• Lanseria Smart City: Emerging mixed-use development in Gauteng targeting commercial and residential tenants. Comparable as a regional peer competing for new-economy tenants and lifestyle-oriented residents.

Regional players

• Umhlanga Ridge: Mixed-use node in KwaZulu-Natal combining offices, retail (Gateway Theatre of Shopping), hotels and residential. Comparable offering in a different South African region with similar blue-chip tenant and lifestyle mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/waterfallcityza
• YouTubeyoutube.com/channel/UCxqwqN8lM1rW1o
• Facebookfacebook.com/WaterfallCityDevelopment
• LinkedInlinkedin.com/company/waterfall-management-company
• Instagraminstagram.com/waterfallcity

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Waterfall City Management Company