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118 CONSTRUCTION | Billion Group Billion Group was formed by South African property magnate Sisa Ngebulana in 1998 with the aspiration to create a property development firm, which would have a significant impact
in terms of bringing socio- economic advancement to new areas in South Africa. Now in
the year of its 18th birthday, it
is clear that Billion Group has most certainly come of age. From early beginnings as a property development junior,
the business has gradually evolved into a publicly traded firm with a substantial market share, following the birth of Rebosis in 2010. A year later, Rebosis (a subsidiary group of Billion) became the first majority black-owned property fund to be listed on the JSE, a landmark milestone for the company. ABN talks to Billion’s development director Dewald van Staden, who charts the rise of one of South Africa’s most influential property development firms.
Billion Group provides a number of property development services to several key sectors, including retail, commercial, residential
and mixed-use projects, all of which are underpinned by a steadfast philosophy. Billion prides itself on undertaking projects
with bold architecture in highly accessible locations, which are likely to have a transformative impact in the local area.
The company’s portfolio re ects a sustained focus on mixed-use retail projects located
in new urban development nodes across several South African cities. Consequently, Billion’s current portfolio alludes to its astute approach to property development.
“We try not to do what everybody else does,” claims van Staden.“We look at di erent sectors and are pioneers in some of the areas where we have managed recent property developments, from a geographical point of view.
“The bulk of our developments are in areas where we have been the catalyst for further development in that region. We look at market indicators and growth patterns
for the various locations, and then come down into these areas and start o  the development process.”
Therefore, Billion’s concentration on developing retail projects in new urban precincts represents a very calculated method of building markets and communities in tandem, with shopping malls acting as the very foundation of this growth.
This phenomenon can be observed in many of Billion’s completed mixed-use developments, including the Forest Hill City mall in Centurion, Pretoria West and the BT Ngebs City mall in Mthatha, Eastern Cape.

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