About Us

McCormick Property Development have been pioneering the development of emerging markets since our establishment in 1983. A South African registered company, we are retail development experts and continue to be leaders in this field.


Honesty and Integrity

We are a company that is private by design and our success has come through recommendations of people moved by our ability to develop.

Honesty & Integrity

McCormick Property Development has been built upon, and remains dedicated to, the following moral values:

  • Honesty, Integrity and Loyalty
  • Trust
  • Commitment
  • Reliability and Sincerity
  • Adaptability
  • Respect

We are a company that is private by design and our success has come through recommendations of people moved by our company’s ability to develop not only real estate, but entire communities in the process.

In all our operations, the one truism around which this company was founded is: “our word is our bond” and we are constantly striving towards delivering beyond our promise of excellence.


Local Developments

We remain highly focused on our local portfolio of new and existing developments.

Local Developments

We remain highly-focussed on our local portfolio of new and existing developments.

Remaining true to our founding principle of servicing the under-serviced areas, MPD is developing an extremely strong pipeline of regional and community centres that promise to become the primary economic nodes for their regions.

We manage all the properties within our portfolio with a less-than-1% vacancy factor and an average of over 21% turnover growth across it. The portfolio showed strong growth even through the recession due to strong retail mixes and attentive hands-on management.

As a market-leader within its niche of development in South Africa, we will continue to deliver exceptional growth not only to the McCormick Group, but to all those who choose to partner with us in the lucrative "emerging markets" of South Africa.


Rural Retail Impact

The retail sector forms a critical element of a community’s economic and social welfare. It provides people with choices and services. These choices were until recently very limited in township areas. .

Rural Retail Impact

The impact of shopping mall development on small township retailers.

The retail sector forms a critical element of a community’s economic and social welfare. It provides people with choices and services. These choices were until recently very limited in township areas. The pre-1994 retail landscape was dominated by small, often informal businesses offering basic household necessities to relatively low income earners. This has resulted in township residents’ preference to shop outside townships, known as ‘outshopping’.
Rapid income growth of township residents since 1994 resulted in a substantial increase in consumer expenditure in these areas, known as ‘in-bound shopping’. This lucrative emerging market forms the last retail frontier in South Africa and is being explored by national retailers,
especially supermarket chains. This article is aimed at establishing the impact of shopping mall development in townships on the traditional small township retailers including spaza/tuck shops.

The net balance sheet on the impact of shopping mall development on small township retailers clearly suggests a decline in the township retailers’ market share. A change in small business model towards, inter alia, effective customer service with a small dedicated assortment of merchandise, satisfaction of emergency needs, selling in small units and extension of credit facilities may result in the survival of some small township retailers (albeit often at a smaller turnover).

AA Ligthelm
Bureau of Market Research, University of South Africa


To read the full study please download the PDF.  download

Vision

A community-focussed company striving to become the premier development company of South Africa.

Mission

We create wealth and employment by developing not only real estate, but entire communities in the process.

History

Founded by Chairman John McCormick in 1983, McCormick Property Development (MPD) pioneered the development of retail centres in the former ‘homelands’ and rural areas of South Africa.

Since inception, MPD has worked closely with local communities and is proud to have set up the country’s first ever BBBEE scheme in Giyani in 1985.

With a continued focus on high growth emerging markets, MPD continues to cement its position as a market leader of retail development in these areas.

We create wealth and employment by developing not only real estate, but entire communities in the process.