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Mowana Properties is a property management company registered with the Estates Agencies Affairs Board (EAAB) and operates in the general property market. Presently the company manages two large portfolios worth a total of R40 billion.
The first portfolio under management is owned by Pareto Limited, a premium Shopping Centre owner with iconic assets such as Cresta Shopping Centre, Menlyn Park Shopping Centre, Mimosa Mall, The Pavilion Shopping Centre, Southgate Mall, Southgate Value Market, Tygervalley Shopping Centre and Westgate Shopping Centre, with a total GLA in excess of 848 000m².
The second portfolio under management is owned by the Government Employees Pension Fund (represented by the Public Investment Corporation SOC Limited). This is a mixed-use portfolio boasting 152 properties inclusive of offices, industrial, residential and retail.
To provide superior and efficient property and facilities management services and innovative solutions to our clients.
A partner of choice to property owners to generate sustainable returns everywhere.
Our values are rooted in Mutual Respect, Communication, Stewardship and Excellence.
Our Culture is one of enabling each employee to reach their full potential and in return demanding consistent performance against that standard.
Pareto Limited (Pareto) is a South African property investment company strongly focused on acquiring and holding regional and super regional shopping centres in South Africa, as well as mixed‐use developments. Pareto is proudly invested in prime iconic retail proper.
In addition to its retail property assets management focus, Pareto is a shareholder within the management services company, Mowana Properties.
The PIC (SOC) Limited, a registered financial services provier, wholly owned by the South African Government, invests funds on behalf, of public sector entities, based on investment mandates set by each of these client and approved by the Financial Services Board (FSB). Its goal is to not only meet, but exceed its clients' expectations and shareholder's investment objectives through thorough research, careful risk analysis and stringent compliance practice.
Established in 1911, the Public Investment Corporation (SOC) Limited is one of the largest investment managers in Africa today, managing assets of over R1.857 trillion and still growing.
Mowana is an investor in immovable property and operations conducted includes (but is not limited to) property management and property asset management services, of regional and super regional retail shopping centres.
Our sustainability programme aims to create shareholder value by leveraging on social, environment and economic opportunities associated with Mowana’s business processes, taking social, environmental and economic risks into account.
Mowana believes in investing in local communities in which the property investments are located as well as improving the quality of life of disadvantaged communities in South Africa. Mowana will spend 1% of Net income before debenture interest and after tax on socio-economic development (corporate social investment). The corporate social investment focus areas are education, training, environment, job creation, arts and culture, health and sport, as set out in Mowana’s Corporate Social Investment Policy.
The company will continue to promote participation by Black people and small businesses in the property sector, through its business practices and procurement policies. To this end the BBBEE Codes published will be followed as a guideline until such time that the Property Charter, has been gazetted by the Department of Trade and Industry. The principles of Property Charter will then be followed.
Enterprise Development Programme
The enterprise development policy aims to meet and embrace the objectives set out in the Broad-Based Black Economic Empowerment Act 53 of 2003 (“the Act”) in accordance with the Property Charter and will enable Mowana to fulfil its commitment to Broad-Based Black Economic Empowerment (“BBBEE”).
The objective of this enterprise development policy is to grow sustainable business enterprises in the sector in which Mowana operates that will create jobs and expand the economy. It involves the investment, support, facilitation and fostering of new and existing small and micro-enterprises.
Enterprise development programmes may include, but are not limited to, the following:
- Management, business development and technical skills transfer;
- Technology transfer, establishment of administrative systems, cost-control systems and infrastructure support;
- Development of entity credit resources with suppliers;
- Development of entity financial capacity and/or financial assistance; and
- Facilitation of skills transfer and participation in development projects at the various shopping centres through joint ventures.
- Must be at least 51% black owned or 51% black women owned;
- Must provide property or related services;
- Development of entity credit resources with suppliers;
- Must provide suitable references and confirmation of an existing contract / appointment.
The company will ensure that its operations are such that they promote environmental sustainability in the built environment. The company aims to reduce any possible direct negative environmental impact from the operations conducted at its corporate head office and/or property investments, and to utilize environmental resources in a sustainable way.
Water and energy efficiency plans
The company has embarked on various initiatives at its property investments that seek to reduce energy usage / consumption, in the operation of the property investments. This necessitates monetary investments to improve the functioning of the buildings thus ensuring improved and efficient usage of plant and machinery to provide lighting, air-conditioning and vertical transportation within the buildings. The company will reduce overall water consumption and including water from non-potable water sources.
The energy and water consumption within the property investments will be extensively metered to enable monitoring of usage and accurate reporting of the performance of the building.
Reductions, re-using and recycling of materials and packaging
The company will encourage and give preference to purchasing and using materials that contain a re-used or recycled component or are derived from sustainable extraction within the buildings. The company will develop strategies operationally that will limit waste and pollution, both in the construction process and in the operation of the building.