OUR history
OUR history
Built over time.
Growing with purpose.
Since 1998, Pareto has grown through thoughtful investment, patient stewardship and a long-term belief in the value of place.
What began as a focused property investment business has evolved into one of South Africa’s most significant property companies, with a portfolio that includes some of the country’s most recognised retail destinations, hospitality assets and Africa’s premier conferencing venue.
Every investment has been guided by the same principle: build lasting value for our shareholder while strengthening the communities connected to our portfolio.
A time line of growth
Pareto is established
Pareto is incorporated as a real estate investment vehicle for the Eskom Pension and Provident Fund (EPPF)
1998
Building an iconic portfolio
The GEPF acquires a 40% interest in Pareto
2001
Growing with conviction
The GEPF purchases EPPF's remaining stake in Pareto and BVI, becoming sole shareholder of the Group (until 2016)
2012
A new chapter
Mowana Properties, a wholly-owned subsidiary of Pareto, is established to render property management for the Pareto SA Property Portfolio and other properties owned by the GEPF (and asset managed by the PIC)
2015
A single shareholder. Shared purpose.
The Group is recapitalised by a R4.3 billion capital injection by a B-BBEE consortium led by Belelani Group under the principal leadership of Malose Kekana (GCEO). This shareholding was acquired by the GEPF in August 2021, resulting in full ownership by the GEPF
2016
Expanding beyond South Africa
BVI concludes a 25% equity subscription into Atterbury Europe for €125 million (R2bn). Pareto advances a loan facility of €125 million which Atterbury Europe uses to refinance existing debt
2019
Deepening European exposure
Pareto subscribed for a 30% shareholding in the Mall of Limassol, further strengthening the Group’s exposure to quality retail assets in Cyprus and extending its long-term growth platform beyond South Africa.
2023
A broader international footprint
In September 2022, Pareto acquired a 25% shareholding in Atterbury Europe
2022
In August 2023, Pareto established a wholly owned subsidiary, Pareto DTMC. In November 2023, Pareto acquired a 30% direct shareholding in The Mall of Limassol
2023
In April 2024, Pareto acquired a 70.03% shareholding in Mall of Cyprus and Mall of Engomi. Pareto, through its shares in Atterbury Europe, has an indirect shareholding of 14.94%. This results in Pareto's effective shareholding of 84.97% in Mall of Cyprus and Mall of Engomi
2024
In June 2025, Pareto increased its direct shareholding in The Mall of Limassol from 30% to 35%