Property mogul Marc Wainer passes away at 71

Founder and former CEO of Redefine Properties Marc Wainer passed away on Monday morning, 20 April, after the 71-year-old suffered a heart attack.

“I am at a loss for words and deeply saddened by Marc’s passing away,” said Andrew Konig, CEO, Redefine Properties. “He leaves a void in the lives of people in the entire property sector who did not escape his characteristic wit, infectious laughter and his genuine love and concern for those he worked with.”

“Marc was a true family man and our thoughts and prayers are with them during this difficult time.”

Pioneering property investor

Wainer’s long career in the property industry began in his parents’ grocery and fish shop in Yeoville, Johannesburg. In 1999 he founded Redefine Properties, currently listed in the JSE Top 40 Index and one of the largest REITs with more than 300 local properties with last reported total assets exceeding R100bn.

“His passing away is also a huge loss to the sector and we will all miss his guidance and encouragement,” said Konig. “Marc always said that people are the only thing that matter. Our tribute to him will be who we say we are and continue to grow the business he founded and continue to manage and create our spaces in a way that purposefully changes lives.”

“Marc leaves an extremely powerful legacy. He will always be remembered as a legendary leader, a game-changer in the property sector, and someone who changed the lives of many who had the privilege of working with and knowing him,” said Konig.