“He was raring to go – we had so many deals on the go. Wainer was Dionne’s mentor in the property industry, and they sat on many industry boards together.At an early stage of his career, Wainer displayed his characteristic “path less travelled” approach. Today, Redefine has a market capitalisation of R46 billion and is included in the JSE Top 40 Index.Redefine Properties today announced that its legendary founder and pioneering property investor and developer Marc Wainer retires from the company at the end of August 2019.In line with Redefine's stated intention to create value through good governance practices and as part of its board succession plan Wainer, 70, had stepped down as Redefine's executive Chairman in May, handing the chairmanship of the company he founded in 1999 to businessman Sipho Pityana. That was Marc.He later said that he got the job because he was the only candidate who had actually researched the centre before his interview.“Today, I begin the rest of my life poorer for not having my best friend and confidant a phone call away, but richer knowing that my parents are reunited and can continue their 40+ years together. He died in April 2020, eight months after his cherished wife Lesley. Over the past eight months, I have watched him take each day as a battle to survive without his darling wife by his side,” Jordan wrote in a LinkedIn tribute.One of the best deals Wainer was involved in over the years was the purchase of the Canal Walk Shopping Centre in Cape Town for Hyprop and Ellerine Bros.“Dad taught us all so many invaluable lessons which will be shared and reshared for generations to come,” Jordan’s tribute continued.
We stand on Marc's giant shoulders to take Redefine forward.
Of Fort Lauderdale, Florida, passed away suddenly on September 6, 2001. This week saw the passing of a man who had a huge impact on my business career. “He would work out the details on the back of his cigarette box and afterwards, when the commercial teams analysed it, their figures would tally with his.Wainer, who grew up in Sydenham, Johannesburg, was the recipient of the Absa Jewish Achiever Listed Company Award in 2013.“He was my dad’s [Eric Ellerine’s] partner for 30 years. We are privileged to have had Marc as a leader and a mentor, but more importantly as a friend and we look forward to being part of Marc's new journey," adds Andrew Konig, CEO. "I would like to take this opportunity to thank everyone at Redefine Properties, both current and ex-employees, our shareholders, the executive leadership team and the board for their confidence and continued support in our mission to be one of the best performing REITs. “If you had the privilege of working with him, you would know that for him in business, a handshake was enough, and of course finding good people and backing them wholeheartedly was the key to his success.”He is survived by four daughters, Stacey and Hadene in Johannesburg, Jody and Kerry in Australia, Jordan, and 10 grandchildren. We never had a written contract between us – he was the most honest partner,” said Dionne, a director of Ellwain Investments, the property company the two families founded together.“He is going to be sadly, sadly missed,” she said. He is an actor, known for The Weinerville New Year's Special: Lost in the Big Apple (1996), Dora the Explorer (2000) and The Weinerville Chanukah Special (1995). Mark S. Weiner is an American writer, web-based documentary filmmaker, and legal historian. Marc Wainer was a titan of the South African property industry, retiring as CEO of Redefine Properties in 2014.