Property. People. Possibility.

HlombeMagwaca.

PROPERTY DEVELOPMENT & INVESTMENT EXECUTIVE

Turning property potential into lasting value — for investors, businesses and communities.

Hlombe Magwaca
BASED IN CAPE TOWN · WORKING ACROSS SOUTH AFRICAExperience. Perspective. Purpose.
20+ yearsProperty & investment experience
Since 2014Leading Mandlonke Property Group
01 / The perspective

Commercial insight.
Community purpose.

I bring together property development, investment thinking and hands-on delivery to create places and opportunities that endure.

Over more than two decades, I have worked across retail, residential, industrial and commercial property in South Africa. My experience spans development management, acquisitions, leasing, investment structuring and organisational leadership.

As Chief Executive Officer of Mandlonke Property Group, I work with investors, public institutions and multidisciplinary teams to move projects from opportunity to delivery. Integrity, collaboration and inclusive economic growth guide the way I work.

Our companies

One vision.
Complementary capabilities.

Property development, construction, estate agency and online property solutions come together through the businesses below.

Mandlonke Properties

Hlombe Magwaca

Mercator House

Property developments

Residential property development, including the redevelopment and management of Mercator House.

Mfingo Prop

Construction & estate agency

Mfingo Property Group provides commercial, industrial and retail estate agency services, property management and construction.

Visit Mfingo Property Group ↗

Construction delivery team

  • Specialist contractorsSubcontractors
  • Site foremanEmployee
  • LabourEmployees

RoomsEkasi

Online property solutions

A platform concept focused on making township property markets more accessible and better supported.

Explore the vision ↓

Perspective that connects the whole picture

From a sound investment
to a place that works.

Architectural imagery · Mfingo Property Group
02 / Where I add value

A whole-property perspective.

01 — DEVELOPMENT

From opportunity
to delivery.

Development feasibility, market research, professional team coordination, construction oversight and development facilitation.

02 — INVESTMENT

Sound decisions.
Long-term value.

Acquisition due diligence, financial deal structuring, investment property analysis, contract negotiation and strategic planning.

03 — ASSET MANAGEMENT

Make property
work harder.

Retail and commercial leasing, property management, operating cost analysis and redevelopment strategies for existing assets.

03 / Selected work

Experience built
on real projects.

Retail development · Billion Group

Forest Hill Mall

Led the development of the 75,000 m² mall, coordinating professional teams, leasing, contractor appointments and development approvals. Opened in May 2014.

R1.6 billion project value · Pretoria
More about my role

Leading the professional teams

I oversaw and coordinated the professional teams responsible for delivering Forest Hill Mall, managed their contractual appointments and negotiated and signed off professional agreements. My role included keeping the teams focused on timely deliverables throughout the development.

Construction and quality oversight

I adjudicated the construction tender and oversaw the appointment of Group Five Construction as main contractor. I managed the main contractor relationship, finalised the JBCC construction contract and oversaw quality management during construction.

Leasing and commercial delivery

I led leasing to major and national retail tenants, refined the tenant mix and finalised lease agreements, achieving 91% leasing. I also assisted with structuring the project’s finances.

Approvals and completion

I liaised with the City of Tshwane on crucial building rights and managed wayleave applications for the required development approvals. The mall was completed on schedule and opened on 29 May 2014.

Portfolio services · Mandlonke

Rebosis & Billion Group

Provided redevelopment management and leasing services within the Rebosis portfolio, alongside delivery of new head offices and shared office space at Forest Hill City.

R14 billion portfolio at contract commencement
More about the work

Portfolio redevelopment and leasing

Through Mandlonke, I provided redevelopment management and leasing services for the existing Rebosis portfolio. The long-term engagement began in October 2016, when the portfolio was valued at R14 billion, with a R400 million construction budget planned over five years.

Office reinstatement · Bryanston

Our work included demolition of the old Rebosis office interior at The Campus and reinstatement to white-box specification. The 300 m² assignment was completed in April 2020, with a value of R300,000.

New head offices · Forest Hill City

We delivered the construction of Rebosis’s new 1,400 m² head offices at Forest Hill City Mall in Centurion. The R8 million assignment was completed in July 2020.

Flexible shared offices

We also constructed 800 m² of shared offices at Forest Hill City for a pay-as-you-use workspace model. This R4 million assignment was completed in July 2020.

Affordable housing · Strategic advisory

Bardale Village

Appointed to provide strategic support and forward planning, covering financial performance, construction costs, organisational structure and a delivery plan with milestones.

Board-level strategic support · 2025
More about my strategic advisory work

Board-appointed mandate

Mandlonke was appointed by the Bardale Village board for a three-month assignment from April 2025. I provided strategic support and forward planning to strengthen the affordable housing developer’s short- and long-term prospects.

Financial and operational review

The completed report included a financial overview and construction cost analysis, linking the business’s financial position with its development delivery requirements.

Strategy and implementation

Deliverables covered vision alignment, strategic plan development, a mission plan with milestones, a board reporting format and recommendations for the organisational structure.

Residential development · Mandlonke

Mercator House

Acquired and redeveloped an existing block into ten two-bedroom apartments, overseeing construction through to completion and ongoing property management.

R4 million development · Completed January 2020
More about acquisition, delivery and management

Acquisition and redevelopment

Through Mandlonke, we acquired an existing block of flats and redeveloped it into ten two-bedroom apartments, increasing the residential accommodation within the property.

End-to-end construction oversight

I oversaw the entire construction process through to completion in January 2020. The development value was R4 million.

Ownership and ongoing management

Mandlonke retained ownership and management of the property after completion. As at August 2026, the development was fully let, reflecting the progression from acquisition and construction to an operating residential asset.

Investment strategy · 2023–2024

Spire Capital Partners

Chief Operating Officer of a proposed unlisted retail property fund, developed through a partnership with Mandlonke Property Group.

Six proposed acquisitions · Fund initiative discontinued
More about the fund strategy and my role

Chief Operating Officer

I was appointed COO of the proposed unlisted property fund formed through Mandlonke’s partnership with Spire Capital Partners in 2023–2024.

Investment and acquisition criteria

The strategy targeted dominant shopping centres in strong urban locations, with established catchment areas and national retailers occupying at least 75% of gross lettable area. Offers were submitted on six centres with a combined value of R2.5 billion, and negotiations reached an advanced stage.

Outcome

The board discontinued the initiative because high borrowing costs, anticipated institutional decision delays around the elections and weak consumer spending undermined the investment outlook. These were proposed acquisitions, not a completed portfolio.

View the career entry ↓
Career foundations · 2005–2010

Baker Street Properties

From industrial brokerage to investment and portfolio transactions, progressing to shareholding in the Cape Town business.

Industrial & investment broker · Shareholder
More about my brokerage and investment experience

Industrial brokerage · Greater Cape Town

I joined Baker Street Properties in 2005, leasing and selling industrial properties across greater Cape Town. This work established the commercial property transaction foundations of my career.

Investment and portfolio disposals

My responsibilities expanded into the disposal of investment properties to property funds and private purchasers, including transactions involving entire property portfolios.

Progression to shareholder

My results and contribution to the team led to me becoming a shareholder. This significant chapter ran until 2010, before I joined Billion Group in development and acquisitions.

View the career entry ↓

Selected career experience. Values describe the relevant projects or portfolio at the time of involvement.

04 / Career journey

From brokerage
to business leadership.

My career brings together the discipline of property transactions, the complexity of major developments and the perspective of investment and business leadership.

Mandlonke Property Group

Chief Executive Officer

Founded the business in 2014 to develop retail, residential and industrial property, building on established professional relationships and a growing client base.

Explore the business and advisory work

Through Mandlonke, I have combined development and property services with market research, leasing, construction delivery and strategic advisory assignments.

  • Joburg Property Company: market research into economic drivers, demographics and mixed-use development potential for the Metro Centre, Roodepoort and Randburg CBD nodes.
  • Bayete Capital: feasibility, market research, shopping centre layout design and leasing budgets for the proposed Stutterheim Shopping Centre and Cofimvaba Mall. These projects did not proceed at that time.
  • Rebosis and Billion Group: redevelopment management, leasing and office construction assignments.
  • Bardale Village: strategic planning, financial and construction cost analysis, board reporting and organisational recommendations for an affordable housing developer.
Spire Capital Partners

Chief Operating Officer · Property fund initiative

Mandlonke Property Group partnered with Spire Capital Partners to establish an unlisted property fund, with me appointed Chief Operating Officer. The focus was on dominant retail centres in strong urban locations across South Africa.

6 shopping centres evaluated through offersR2.5 billion combined proposed acquisitions
Explore the fund strategy, acquisition criteria and outcome

Investment approach

The proposed fund targeted shopping centres with established catchment areas and a strong national tenant base. The acquisition criteria required national retailers to occupy at least 75% of gross lettable area.

Acquisition programme

Offers were submitted on six shopping centres with a combined value of R2.5 billion. Negotiations had progressed to an advanced stage. This was a proposed acquisition pipeline, rather than a completed portfolio.

Board decision

The board subsequently discontinued the fund initiative. High borrowing costs put expected investor returns under pressure; election-related uncertainty was expected to delay institutional investment decisions; and reduced consumer spending weakened the retail outlook.

The decision was taken on the basis that proceeding under those conditions would not be financially responsible.

Billion Group

Developments & Acquisitions Executive

Progressed to responsibility for the full development of Forest Hill Mall, alongside acquisitions and leasing assignments. Served on both MANCO and EXCO.

Explore development and transaction experience

My work brought together tenant leasing, finance structuring support, professional appointments, municipal approvals, contractor coordination and construction contract negotiations.

  • Forest Hill Mall: managed professional teams and the main contractor, Group Five; finalised the JBCC construction contract and supported delivery through to the mall’s opening in May 2014.
  • Bloed Street Mall and the NPA Building, Pretoria: acquisition due diligence, deal structuring and transaction conclusion.
  • Ngcobo Mall: professional team management and leasing consultation.
  • Mthatha Mall: leasing consultation.
  • Bay West Mall: leasing consultation and municipal liaison on building rights.
Baker Street Properties · Cape Town

Industrial & Investment Broker · Shareholder

A formative chapter in my career. I joined as an industrial broker and progressed into investment property transactions and entire portfolio disposals, ultimately becoming a shareholder in the business.

Industrial leasing & salesInvestment properties & portfolios
Explore my progression at Baker Street Properties

Industrial property foundations

I began by leasing and disposing of industrial properties across greater Cape Town. This established the transaction-focused foundation of my career in property.

Progression into investments

My responsibilities grew to include the disposal of investment properties to property funds and private purchasers, as well as transactions involving entire property portfolios.

From broker to shareholder

My performance and contribution to the team led to me becoming a shareholder. Baker Street Properties played a major part in my professional development, preceding my move into large-scale development and acquisitions at Billion Group.

Continuing development: PGDip in Management Practice, UCT Graduate School of Business (expected completion end 2026), alongside studies and short courses in property, financial modelling and investment management.

05 / A vision for inclusion

Property opportunity.
Closer to home.

RoomsEkasi

My vision for RoomsEkasi is to make township property markets more accessible and better supported — connecting property owners and residents with listings, professional services and opportunities for local enterprise.

It reflects a wider commitment to affordable housing, skills development and inclusive economic growth.

Discuss the vision ↗
06 / Start a conversation

Let’s build
what’s next.

For development opportunities, investment discussions and strategic collaborations.

hm@mdlk.co.za ↗+27 82 660 7365 ↗

Cape Town, South Africa