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Redefine founder and property tycoon Marc Wainer passes away

Billionaire property dealmaker hailed as a doyen of the industry.
Marc Wainer, the founder and former CEO of JSE-listed Redefine Properties, passed away at the age of 71 in Johannesburg on Wednesday. Picture: Supplied

Marc Wainer, the founder of Redefine Properties and renowned as one of South Africa’s biggest commercial real estate personalities, passed away on Monday morning at the age of 71 in Johannesburg.

Wainer’s passing of heart-related complications after a recent operation was confirmed to Moneyweb by Redefine CEO Andrew Konig.

“Marc was not just a great doyen of the property industry, but a wonderful mentor to many, many people over his illustrious four-decade career in the sector. He will be missed, and we at Redefine would like to pass on our sincere condolence to his family,” he said.

“Marc’s passing comes as a shock to both the Redefine family and the industry, which he has made such a major contribution to. He was passionate about property, people and entrepreneurship and was never too busy to give back. On a personal level, he was a close friend and mentor,” added Konig.

Wainer began his career in a family-owned grocery store in Yeoville, Johannesburg, and not before long became the manager of a shopping centre, which was his introduction to the commercial property industry.

He has been involved with various companies and property industry bodies, including being one of the original founder members of the South African Property Owners Association in the 1960s.

Wainer founded Redefine Properties in 1999 and listed it on the JSE. It has since become one of the largest listed South African property companies, with a current market capitalisation in excess of R15 billion and a multi-billion-rand portfolio of landmark property assets in SA, Europe and Australia.

Sapoa CEO Neil Gopal hailed Wainer as one of the country’s top property dealmakers and industry veterans.

“Marc’s willingness to share his experience was remarkable. He was a giant in our industry. He will be sadly missed and leaves a huge void in the South African real estate sector. Our condolences go out to his family and to everyone at Redefine,” said Gopal.

“Marc was a founding member of Sapoa. He told me once how he sat with a group of people in 1965 discussing the establishment of Sapoa, which has become well entrenched as the voice of the commercial property industry in the country,” he added.

Wainer retired from Redefine’s board in August last year, but continued to consult for the group. In recent years he has also been involved with The Mentorship Challenge, an entrepreneurial television series. He has also written a book on his life in property, titled Making My Marc.

Listen: SAFM MarketUpdate host Nompu Siziba’s interview with Marc Wainer last year

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Achieved so much in his life and to die relatively young

RIP Marc

A fine mind, global vision, always a gentleman.

Marc led the way in so many facets of the property market for so long and mentored many.

I will miss our conversations and your insightful views on many a subject.

Rest well!

Humble guy who always had time to chat to everyone no matter your station. Remember him as someone who got it done rather than shouting from the rooftops. Condolences to this family.

Sorry to hear the sad news.I wish his family long life.
I was a tenant in one of Marc’s buildings in the 90’s and my lease was coming up for renewal and his letting agent was giving me the run-around.
I called Marc direct and after some unprintable comments about his underling said he would sort the matter.
The next day the agent came to see me with his tail between his legs and a new lease.
RIP MARC you were a giant.

End of comments.

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