Creating spaces and connecting people.
Hyprop is a retail focused REIT, owning and managing a c. R40 billion portfolio of mixed-use precincts underpinned by dominant retail centres in key economic nodes in South Africa and Eastern Europe.
Our multi-skilled, diverse team of experts practice conscious retail, underpinned by a sustainable business, models meaningful social impact and a robust governance framework to create long-term value for all our stakeholders.
Key trading metrics exceeded pre-Covid-19 levels
Canal Walk reached record monthly turnover of over R1 billion in December 2022
Installed additional solar PV at Woodlands Boulevard, Rosebank Mall and Clearwater Mall
Installed additional Propelair toilets at Woodlands and CapeGate
Hyprop Foundation celebrates its 10th anniversary. Total CSI spend of R6.5 million
Acquisition of the four properties from Hystead Limited (City Center one East and West, The Mall and Skopje City Mall)
Disposal of Delta City Podgorica
First REIT in SA to introduce collective zero wet waste strategy across entire portfolio
Propelair toilets installed at Hyde Park Corner and Rosebank Precinct
Phase 2&3 solar at Woodlands, Clearwater Mall and Rosebank approved
Launch IOT.nxt, internet based smart building management system (BMS), pilot at Clearwater Mall
Disposal of Atterbury Value Mart for R1,1 billion
SOKO district development in Rosebank
Agreement concluded regarding disposal of indirect shareholding and shareholder loans in Gruppo Investment Nigeria Limited (“Gruppo”) which owns Ikeja City Mall, Nigeria
COVID-19 Pandemic
Disposal of interest in Achimota Retail Centre, Ghana and Manda Hill Shopping Centre, Zambia
Disposal of Lakefield Office Park
Through Hystead acquire a 90% interest in two shopping centres situated in Croatia for approximately EUR77.5 million (R1.12 billion)
Completed solar PV project at Clearwater Mall
Acquire shopping centre in Bulgaria
Development completed Kumasi City Mall in Kumasi, Ghana
Sale of Somerset Value Mart, Willowbridge Shopping Centre, Glenfield Office Park and Glenwood offices
Acquire shopping centres in Serbia, Macedonia and Montenegro through an offshore joint venture company Hystead Limited (“Hystead). Hystead is incorporated in the United Kingdom and is held 60% by Hyprop. The total purchase consideration €202 750 000
First Starbucks in South Africa opened at Rosebank
Sale of non-core assets Stoneridge, and CapeGate Value and Lifestyle Centres
Develop Achimota Mall and Accra Mall, Accra, Ghana and Ikeja City Mall, Lagos, Nigeria
Completed Clearwater Mall’s phase 2 solar photovoltaic plant
Develop West Hills, Accra, Ghana
Participated in Carbon Disclosure Project (CDP) & Global Real Estate Sustainability Benchmark (GRESB)
Acquire 100% of Somerset Mall
Application for Real Estate Investment Trust (“REIT”) status approved by the JSE Limited
Acquire 87% of the issued shares in African Land, acquire Manda Hill, Zambia
Relocate head office to Cradock Heights in Rosebank
Rosebank Gardens site (formerly Nedbank Gardens) imploded to commence the redevelopment of Rosebank Mall
Dispose of its 50% undivided share in Southcoast Mall to Redefine Properties Limited
Moody’s Investor Services rates Hyprop a national scale long-term issuer A3.za and a short-term rating of Prime-2.za
Co-invest with the Atterbury Group in Mauritius based Atterbury Africa, a property investment fund focused on investing in shopping centres on the African continent
Dispose of Southern Sun Hyde Park Hotel to Tsogo Sun
Acquisition of Attfund Retail increasing portfolio to 12 shopping centres and doubling the assets to R20 billion
Dispose of The Grace Hotel
Hyde Park refurbished
Successful completion of extensions at Canal Walk and The Glen at a total cost of R479 million
Acquire a 70% undivided share in the office park Nedbank Gardens, for future redevelopment of the Rosebank Mall
Acquire Cradock Heights, an office block in Rosebank, to which Hyprop will ultimately move its head office (2012)
Southern Sun Hyde Park development completed
Dispose of 46% stake in SA Retail for an amount of R1,135 billion
Acquire approximately 31,3% of Sycom Property Fund for R1,24 billion
With Vunani Properties, launch Vunani Property Investment Fund, an empowerment property fund
Begin construction of Stoneridge Centre at a development cost of R544 million
Acquire 45% of SA Retail Properties
Raise R376 million in a rights offer issuing 9 million units
Acquire an additional 25,05% interest in The Glen, taking Hyprop’s stake holding to 75,15%
With Redefine Income Fund, jointly develop Southcoast Mall
Acquire the Grace Hotel and Offices for R32 million
With Ellerine Bros. jointly acquire premier Western Cape shopping centre, Canal Walk, for R1,16 billion
Disposes of eight smaller office blocks to Prima Property Trust
Acquire Rosebank Mall and adjacent mall offices from Centrecity Property Fund, valued at R320 million
Acquire an additional 16,77% interest in The Glen
Acquire the Kirchmann Hurry office portfolio
Acquire an undivided one-third share in The Glen for R95 million
List on JSE on 24 February 1988 with a portfolio comprising Hyde Park Corner, Boksburg Hypermarket and two office buildings with a total asset value of R94 million