Kiriakos Anastasiadis, one of the top figures behind South Africa’s real estate evolution, has cemented his name among the nation’s wealthiest. As the driving force behind Acsion Limited, a premier property developer and holding group, he’s been the architect of its financial triumphs since its inception in 2014.
Anastasiadis — armed with a first and second degree in Structural Engineering — is not just a CEO — he is a registered professional engineer with a wealth of experience in construction and property development. His commitment to excellence is evident in his membership in the South African Institution of Civil Engineering.
Beyond Acsion Ltd., Anastasiadis wears multiple hats, serving as a Director in entities like DAJM Property Investments Pty Ltd., Proc Corp. 160 Pty Ltd., Ioleni Holdings Pty Ltd., Rubensmen Pty Ltd., and more. His involvement extends to being a Member of the South African Institution of Civil Engineering, showcasing his dedication to professional growth.
With a staggering 77.48-percent stake in Acsion Limited, equivalent to 296,512,479 ordinary shares valued at over R1.78 billion ($95.45 million), Anastasiadis stands tall as one of the wealthiest real estate investors on the Johannesburg Stock Exchange. His investment prowess and strategic holdings have solidified his position in the billionaire league.
Billionaires.Africa has identified and documented various companies and holdings associated with Anastasiadis. Here are seven assets where he holds significant or minority stakes:
- Acsion Limited
Acsion Limited, headquartered in Johannesburg, stands as a global real estate powerhouse under the leadership of Anastasiadis. Established in 2014, Acsion boasts a diversified investment portfolio with a focus on capital returns. With an extensive 260,573m² in South African Property Operations, 6,007m² in South African Hospitality Operations, and 39,160m² in Foreign Property Operations, Acsion is a leader in retail properties, community and commercial projects, hotels, conferencing, and property and asset management services. Anastasiadis owns a controlling stake of 77.48 percent in the Johannesburg-based property giant. - Filkeram-Johnson property
A significant investment of €40 million ($44.07 million) was directed by Acsion Limited, under Anastasiadis’s leadership, to acquire the Filkeram Johnson industrial estate in Pylaia, Thessaloniki. This strategic move aims to revitalize the property, positioning it for completion by 2024.
- Mall@Reds
Located in the dynamic Rooihuiskraal area of Centurion, Mall@Reds spans an impressive 55,143m² of gross leasable area. With a prime location along a key arterial route and a strong 93 percent national tenant base, this regional shopping center exemplifies Anastasiadis’s commitment to strategic real estate investments.
- Moutsiya Gardens
Positioned in Walkraal, Limpopo, Moutsiya Gardens is a forward-looking project aiming to develop 551 residential units on a 40-hectare land parcel. Addressing the shortage of affordable housing, this initiative, spearheaded by Anastasiadis, contributes to local housing demand and urban development in phases.
- Trade@55
Situated in Manovani, Centurion, Trade@55 is a prized property of Acsion Limited, currently undergoing transformative development. With retail vehicle showrooms and a big-box value offering, this commercial hub, led by Anastasiadis, showcases strategic adaptability to evolving market demands.
- Hey Joe Brewing Company
A subsidiary of Acsion Limited, Hey Joe Brewing Company, located in the Cape Winelands, transcends the conventional brewery concept. Under Anastasiadis’s guidance, it serves not only as an event venue but also as a hub for experimentation and distinction in brewing, challenging industry norms.
- Mall@Emba
Strategically located in eMbalenhle, Mpumalanga, Mall@Emba spans 24,602 square meters and serves as the primary formal retail destination for approximately 300,000 residents. Its adjacency to key transportation hubs enhances accessibility, making it a pivotal asset in Anastasiadis’s real estate portfolio.
