Grapnel has built a solid reputation of providing robust investment returns through the acquisition and development of commercial, residential and hotel properties


Grapnel has established itself in the market as a property fund management, development and investment company. The group operates in all sectors of the property business and its people are well-established as industry leaders in their specialist fields.

Strategically selective about the projects it undertakes, Grapnel’s experience and established position in the property sector allows it to read the market and select the most favourable development, investment and trading opportunities.

The business was borne out of a joint venture between Nedcor Investment Bank and Corovest Property Group who merged their property asset management interests in 2000 to form Corovest-NIB Property Asset Managers (Coronib).

In 2004, Nedbank and management bought Corovest’s interest in Coronib resulting in a changed company structure and rebranding to Grapnel Property Group.

In 2006, management acquired Nedbank’s interest in Grapnel and the business is now wholly owned by management.

In 2007, Grapnel, together with its Mauritian partners formed and listed the first domestic direct commercial property investment fund on the Mauritian Stock Exchange (DEM). The Ascencia Fund was managed by Grapnel and its Mauritian partners until 2010 when the business was sold.

Grapnel's latest commercial projects include the development of Morningside Shopping Centre which was completed in July 2009; the development of its own 1 600 sqm head office in Rosebank; the development of 5 000 sqm head offices for Cadbury and 10 500 sqm head offices for Ericsson in Woodmead.

In early 2014, Grapnel commenced the development of a high-rise apartment building in Rosebank, The Vantage comprising of 165 units was sold out within a month. A second scheme in Rosebank comprising of 200 units was successfully launched in early 2015.

Commenced construction of The Tyrwhitt in Rosebank.

Launched Perch co-working offices in Rosebank.

Completed construction of The Tyrwhitt in Rosebank.


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Property Investment


Grapnel Property Investments (Pty) Ltd

Grapnel Property Investments (Pty) Ltd owns a portfolio of A-grade commercial properties.

Grapnel Property Investments 2 (Pty) Ltd

Grapnel Property Investments 2 (Pty) Ltd is currently engaged in the development of 2 landmark residential and mixed use developments in Rosebank.

Property Development


Grapnel Property Developments (Pty) Ltd

Grapnel actively seeks out and executes new development opportunities for Grapnel Property Investments and on behalf of select strategic partners. The shareholders and directors of the company have an excellent track record and collectively have over 80 years of commercial property development experience gained across the African continent.

Having developed a portfolio which has been grounded on strong relationships with multinational and other blue chip tenants, Grapnel Property Developments proactively focuses on established growth nodes and the development of efficient, A-grade buildings with long-term tenant appeal.


Grapnel Property Managers (Pty) Ltd

Grapnel is equipped with the latest software and systems to provide property management, facilities management and ancillary services (including leasing, legal, marketing, and financial reporting) of properties under management.

Property Services


Grapnel PropertyServices (Pty) Ltd

Grapnel Property Services provides a full spectrum of fee-earning services to Grapnel Property Group and to third parties through various subsidiary companies.


Grapnel Property Asset Managers (Pty) Ltd

Grapnel has an excellent reputation as a fund manager of listed property funds in both the commercial and leisure sectors.

By virtue of its focus and proactive approach, Grapnel strives to achieve out-performance in capital and income growth as the fund manager of its own portfolio of direct and listed property investments.

Grapnel has the in-house resources and experience to provide the full spectrum of services necessary to manage both listed and unlisted property funds, including fund and financial reporting and company secretarial services which attend to all the ongoing shareholder, statutory and stock exchange regulations and reporting.

International Portfolio

International Portfolio

Grapnel, together with its Mauritian partners formed and listed the first domestic direct commercial property investment fund on the Mauritian Stock Exchange (DEM). The Ascencia Fund was managed by Grapnel and its Mauritian partners until 2010 when the business was sold.

Since 2013, Grapnel purchased and manages a portfolio of Commercial Properties for clients across the UK.

Grapnel Property Group

Gerald Nelson
Executive director
BSc (Building) (WITS)

Grapnel Property Group

Chris Fleming
Executive director
BSc (Engineering) (University of Cape Town) MBA (WITS)

Grapnel Property Group

Justin Bass
Executive director

Grapnel Property Group

Mari Marais
Financial Manager

Grapnel Property Group

Ayeshia Vorajee
Portfolio Accountant

Grapnel Property Group

Tasneem Ebrahim
Property Manager and Office Administrator

Grapnel Property Group

Brendan Nelson
Residential Sales and Lettings
B.Com Hons (Business Finance) (WITS)