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2023

 

2023

Hyprop Acquires Table Bay Mall for R1.625 Billion
2023 17 October 2023

Hyprop, the retail-focused REIT with its South African properties valued at R23 billion and Eastern European portfolio at R12 billion, today announced the conclusion of an agreement to acquire 100% of Table Bay Mall.

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Hyprop Deliver Strong Operational Performance for FY2023
2023 21 September 2023

Hyprop, a JSE-listed REIT focused on owning and managing dominant retail centres in mixed-use precincts in South Africa (SA) and Eastern Europe (EE) reported a 24% increase in distributable income to R1.451 billion, as the four EE centres were consolidated for the full financial year.

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Hyprop's focused approach delivers steady growth
2023 16 March 2023

Strong trading metrics across Hyprop's portfolio of dominant retail properties in mixed-use precincts in key economic nodes in the six months to 31 December 2022 have confirmed the centres' recovery from Covid-19 and their relevance to consumers.

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2022

 

2022

Hyprop reports improved trading across its SA and EE retail portfolios
2022 05 December 2022

All of Hyprop's dominant retail centres in South Africa (SA) and Eastern Europe (EE) have continued to enjoy more buoyant trading conditions over the last few months. These favourable trading conditions, together with the group's strong balance sheet, should help it to tackle challenges such as rising inflation, higher interest rates, increased energy costs and socio-political changes, says CEO Morné Wilken.

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Hyprop to list on A2X
2022 30 November 2022

Hyprop Investments Limited (Hyprop) will list its shares for trade on A2X Markets from 7 December 2022.

Hyprop joins eight other real estate companies with a secondary listing on A2X; Attacq, Equites Property Fund, Fairvest, Growthpoint Properties, MAS, NEPI Rockcastle, SA Corporate Real Estate, and Stor-Age.

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Hyprop moves ahead with recycling, energy, and water projects to address climate change and stakeholder expectations
2022 21 November 2022

Hyprop is adapting its shopping centres, not only to satisfy changing consumer habits and expectations but also to ensure that its properties are resilient into the future. This reflects both the group's own ethical and commercial commitment to reducing greenhouse gases, as well as the prevailing consensus of its stakeholders.

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HYPROP CONTINUES TO REDUCE DEBT AND REPOSITION ITS PORTFOLIOS IN SA AND EE
2022 29 June 2022

Wednesday, 29 June 2022. Hyprop, which manages dominant retail centres in mixed-use precincts in key economic nodes in South Africa (SA), Eastern Europe (EE) and sub-Saharan Africa (SSA), said in a pre-close update to the market that its consolidated loan-to-value (LTV) was 40.5% at end-May 2022, down from a historic 47%. This is the result of a number of interventions that includes the completion of the disposal of the Delta City Mall in Podgorica, Montenegro, realised net proceeds of €70 million, which, with other debt repayments, helped to reduce Euro-denominated equity debt from €373 million to €111 million. The in-country Euro debt was reduced from €365 million to €280 million.

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HYPROP SUCCESSFULLY ACQUIRES THE REMAINING PROPERTIES IN THE HYSTEAD PORTFOLIO
2022 31 March 2022

Thursday, 31 March 2022. Hyprop Investments Limited (Hyprop) is pleased to announce that it has increased its shareholding from 78% to 100% in Hystead’s four premium shopping centres in Eastern Europe, namely Skopje City Mall in North-Macedonia; City Center one East and City Center one West in Croatia; and The Mall in Bulgaria.

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HYPROP'S SOUTH AFRICAN SHOPPING CENTRES RECOVER TO PRE-COVID LEVELS
2022 17 March 2022

Thursday, 17 March 2022. The successful repositioning of Hyprop Investment’s (Hyprop) South African (SA) portfolio is evident in the recovery in the trading performance of its tenants since the restrictions were lifted. Trading performance is back to pre-Covid-19 levels, or in some cases even higher, driven by Hyprop’s repositioning strategy called the Golden Thread. The Sub-Saharan Africa (SSA) portfolio has also recovered well over the past few months, while in Eastern Europe (EE), the more stringent Covid-19

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2021

 

2021

Hyprop maintains strong liquidity
2021 06 December 2021

Monday, 06 December 2021 - Hyprop, owner of premier retail properties in South Africa, Eastern Europe and the rest of Africa, has strengthened its balance sheet post its year-end, 30 June 2021, as a result of asset sales and shareholder reinvestments. It currently holds R1.6 billion of cash and R900 million of unutilised revolving credit facilities.

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Hyprop responds to changing consumer behaviour by advancing the implementation of its non-tangible strategy
2021 15 September 2021

Wednesday, 15 September 2021 - Hyprop Investments, the JSE-listed REIT that owns a R43.3 billion portfolio of retail real estate in South Africa and Eastern Europe (EE), has made very good progress executing its strategy. Hyprop has moved ahead on all its priorities, including strengthening the balance sheet, advancing the implementation of its non-tangible strategy with the successful opening of the SOKO District (SOKO) at Rosebank Mall, and good progress in repositioning its South African portfolio by rolling out its “Golden Thread”.

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SOKO launches at Rosebank Mall as part of Hyprop’s non-tangible strategy
2021 29 July 2021

Thursday, 29 July 2021. Hyprop announced that SOKO District will open its doors at Rosebank Mall on Friday 30 July 2021. The word ‘soko' is Swahili for ‘market', and a market is traditionally driven by the collective art of buying and selling goods in an open space. SOKO District has created a platform that enables purpose-driven brands to create meaningful connections with their customers through a flexible digital leasing platform, without the significant financial commitments in the traditional retail environment.

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GOOD INTEREST FROM TENANTS IN HYPROP CENTRES
2021 09 June 2021

Wednesday, 9 June 2021. Hyprop, the retail-focused REIT with properties in South Africa, sub-Saharan Africa and Southern Eastern Europe, has made positive progress on its key strategic priorities in the first four months of 2021, including taking steps to strengthen its balance sheet.

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Impact of Covid-19 still felt but Hyprop makes very good progress implementing revised strategy
2021 01 March 2021

Monday, 1 March 2021. Hyprop, the retail-focused REIT with a R45.4 billion portfolio of shopping centres in South Africa, Eastern Europe and sub-Saharan Africa, improved its distributable income by 18% in the six months to 31 December 2020 compared with the six months to 30 June 2020.

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Hyprop concludes agreements to dispose of Atterbury Value Mart
2021 08 February 2021

Monday, 8 February 2021. Hyprop, a South African listed retail-focused REIT, today announced that it has successfully concluded agreements to dispose of Atterbury Value Mart for an aggregate consideration of R1.12 billion; 4,6% below the current market valuation. The Company has reached agreements with three private parties who will each acquire a one-third undivided share in the property.

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2020

 

2020

Hyprop launches free, high-speed Wi-Fi across local portfolio
2020 08 December 2020

Tuesday, 8 December 2020. In its quest to embrace the shift towards online retail, adapting to changes in shopper behaviour and the ongoing repositioning of the company’s local assets, Hyprop is launching high-speed carrier-grade Wi-Fi in all nine properties this week.

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Hyprop embraces several projects to embrace changing retail trends
2020 03 December 2020

Hyprop, South Africa’s largest listed retail-focused REIT, with interests in malls in Africa and Eastern Europe, reported in a pre-close statement ahead of its 31 December 2020 interim closed period that most of its key trading metrics in South Africa have improved since it reported on its 30 June 2020 year-end.

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Hyprop disposes of Ikeja City Mall
2020 09 November 2020

Monday, 9 November 2020. Hyprop Investments ('Hyprop') has successfully concluded an agreement for the sale of Ikeja City Mall ('Ikeja'), a retail shopping centre situated in Lagos, Nigeria at the 30 June 2020 carrying value. Ikeja is owned by Hyprop (75%) and Attacq Limited (25%). The agreement was concluded with two new property funds that form part of the Actis Group and is still conditional on a number of conditions.

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HYPROP RISES ABOVE COVID-19 CHALLENGES
2020 21 September 2020

Constructive progress with the implementation of the revised strategy

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Starbucks opens its first Western Cape store in Canal Walk
2020 26 August 2020

Starbucks is expanding its South African footprint through the opening of its first Western Cape store in the prestigious Canal Walk shopping centre.

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Canal Walk voted the Coolest Shopping Mall in the Western Cape
2020 24 August 2020

Monday, 24 August 2020. Canal Walk was voted as one of the coolest shopping malls in South Africa at the Sunday Times’s annual Gen Next Awards for 2020. The Sunday Times Gen Next survey has established itself as the leading barometer of what South African youths find on-trend and aspirational, and delivers insights that are valued by brand managers, advertising, and marketing professionals.

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Canal Walk awarded prestigious 5-Star Green Star Existing Building Performance (EBP) v1 Rating
2020 19 August 2020

In August 2020, the Green Building Council of South Africa (GBCSA) awarded Canal Walk, co-owned by Hyprop Investments Limited and Ellerine Bros,  a 5-Star Green Star EBP v1 Rating. Canal Walk is the first Super Regional shopping centre in South Africa to be awarded a 5-star rating by the Green Building Council, attesting to the fact that the operations and management of Canal Walk are efficient and maintain optimal performance.

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HYPROP EXPANDS ITS NATIONAL SOLAR PROJECT
2020 09 July 2020

The carbon footprint of Hyprop is set to decrease further with the landlord expanding its solar project across 70% of its South African portfolio.

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Update Regarding COVID-19, Withdrawal of Guidance And Update Regarding Edcon Limited
01 April 2020

Hyprop respects and supports the actions taken by the governments in the countries where we operate to mitigate the spread of Covid-19. Our top priority is to protect the health, safety, and well-being of our tenants, customers and all personnel.

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Hyprop bolsters Rosebank Mall offering through securing the Checkers Premium FreshX concept
2020 04 March 2020

Shoppers at Rosebank Mall in Johannesburg can look forward to a world-class supermarket in the fourth quarter of this year when Checkers will open the doors to one of its high-end stores in the ground floor space recently vacated by Edgars.

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Hyprop makes good progress in implementing its new strategy
2020 28 February 2020

Thursday, 28 February 2020. Hyprop, a retail-focused REIT listed on the JSE, today reported interim results that demonstrates progress in implementing the Company’s new strategy. As a result, trading density of the South African portfolio increased by 0.6% for the six months ended 31 December 2019 and 1.4% over the past twelve months, while the trading density of the Eastern European portfolio increased by an average of 3% over the reporting period.

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2019

 

2019

Hyprop revises Strategy for Long-term Gains
2019 05 September 2019

5 September 2019 - Against the backdrop of a deteriorating global economy, JSE retail specialist REIT – Hyprop - achieved higher distributable income in both its South Africa (SA) and Eastern Europe portfolios for the year to June 2019.  The new executive team launched its overhauled business strategy for the R46 billion group portfolio, with the key focus in SA on repositioning Hyprop’s malls for ‘relevance’ and in Eastern Europe further improving mall dominance, in line with a rapidly changing retail and trading landscape. Distributions to shareholders declined by 1.5% for the year due mainly to the underperformance of the sub-Saharan Africa portfolio (SSA), which Hyprop has begun exiting.

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Flagship iStore open at Canal Walk Shopping Centre
2019 26 August 2019

26 August 2019 - Hyprop is proud to announce that Canal Walk is now home to the largest iStore in Africa. The first and only concept store of its kind on the African continent opened its doors on 10 August.  Hyprop has five iStores in South Africa situated at Woodlands, Clearwater, Somerset Mall and The Glen.

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Hyprop takes next strategic step in reducing exposure to Sub-Saharan Africa
2019 05 August 2019

5 August 2019 – JSE specialist shopping centre REIT, Hyprop, today announced the sale of Manda Hill Shopping Centre located in Lusaka, Zambia. The 42 000m² mall, owned 50% by Hyprop Investments (Mauritius) Limited and 50% by AttAfrica Limited, was sold at the December 2018 carrying value. The disposal is in line with Hyprop’s strategy communicated to the market at interims in March this year, where it stated its intention to reduce its exposure to sub-Saharan Africa excluding South Africa (“SSA”) to focus its attention and capital on its South African and Eastern European (“EE”) businesses. 

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HYPROP REDUCES EXPOSURE TO AFRICA AND PROVIDES PRE-CLOSE UPDATE
2019 28 June 2019

[28 June 2019] – JSE specialist shopping centre REIT, Hyprop, today announced progress on its strategy communicated to the market in March this year, where it stated its intention to reduce its exposure to sub-Saharan Africa excluding South Africa (“SSA”) to focus its attention and capital on its South African and Eastern European businesses.  AttAfrica - in which Hyprop owns a 37.5% equity stake - has disposed of its interests in Achimota Retail Centre in Ghana for an undisclosed sum.

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Hyprop's The Mall of Sofia 12 000m² extension complete
2019 25 June 2019

Hystead Limited, which is 60% owned by Hyprop Limited, has successfully completed the 12 000m² extension to The Mall of Sofia, Bulgaria. In line with Hyprop’s strategy to own shopping centres that dominate in terms of size, The extension will add 40 new stores, an increase from 182 to 222, making it the second largest shopping centre in Bulgaria at 62 000m².

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HYPROP TO SPEND R57 MILLION ON MALLS TO IMPROVE THE ENTERTAINMENT OFFERING
2019 09 April 2019

[ 9 April 2019] - JSE specialist shopping centre REIT, Hyprop, will continue to invest in ongoing organic growth through further development of its local centres in order to capitalise on global retail and consumer trends.  The lion’s share of the group’s estimated capital expenditure for FY2019 will go to Canal Walk in the Western Cape, where, seizing the opportunity to sail the rising international “foodie” wave, Hyprop will spend c.R58 million to revamp the food court and its outside areas.  The development will also allow for the inclusion of a new attraction -The Ratanga Family Entertainment Centre – which will revive certain of the former successful Ratanga Junction amusement exhibits while in addition introducing new world-class rides.  Prior to the development, Hyprop’s local portfolio is valued at R29.3 billion (December 2018).

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Hyprop raises R4 billion in three months
2019 02 April 2019

JSE specialist shopping centre REIT, Hyprop, has successfully refinanced/raised R4 billion in only three months since December 2018, effectively addressing the concern of Moody’s investor Services Inc. (Moody’s) that the group may be challenged to refinance its R5 billion of debt falling due in the next 18 months. Moody’s cited the concern in support of its decisions, in February 2019, to downgrade Hyprop’s credit and issuer rating.

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Hyprop weathers local headwinds and scoops European wins
2019 01 March 2019

1 March 2019 - JSE specialist shopping centre REIT, Hyprop, grew distributable income 6% on this time last year, resulting in 2.5% dividend growth for the six months to December 2018 (the period). Excluding the poorly performing sub-Saharan Africa portfolio, dividend growth was 6,6%, in line with Hyprop’s prior guidance. The group successfully weathered the local headwinds to deliver 8,8% growth in distributable income from the South African portfolio, and achieved critical mass in the high-performing SEE portfolio which produced double that growth. 

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CHANGE IN CREDIT RATING BY MOODY'S
2019 13 February 2019

Shareholders and holders of the Issuer's debt securities issued under its Domestic Medium Term Note Programme are advised that Moody's Investor Services Inc (Moody's) has lowered the Issuer's rating from Baa3 to Ba1 with immediate effect. Concurrently, Moody's has lowered the long-term national scale issuer rating to Aa3.za from Aa1.za and has affirmed the short-term national scale rating of Prime-1.za.

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2018

 

2018

HYPE - HYPROP INVESTMENTS LIMITED - INTEREST PAYMENT NOTIFICATION
25 October 2018

In accordance with paragraph 4.13(b) of the JSE Debt Listings Requirements, noteholders are hereby advised of the interest amount details as follows:

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HYPE - HYPROP INVESTMENTS LIMITED - INTEREST PAYMENT NOTIFICATION
29 September 2018

In accordance with paragraph 4.13(b) of the JSE Debt Listings Requirements, noteholders are hereby advised of the interest amount details as follows:

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HYPE - HYPROP INVESTMENTS LIMITED - INTEREST PAYMENT NOTIFICATION
27 September 2018

In accordance with paragraph 4.13(b) of the JSE Debt Listings Requirements, noteholders are hereby advised of the interest amount details as follows:

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HYPROP MAINTAINS GROWTH AGAINST TOUGH MACRO BACKDROP
2018 31 August 2018

JSE specialist shopping centre REIT, Hyprop, continued delivering strong growth in a tough economy with a total dividend per share of 756,5 cents for the year to June 2018, which was 8,8% higher than last year. Against the backdrop of a pressured consumer environment, distributable earnings increased substantially by 10,5%, in large part due to strong organic growth and successful acquisitions in the South East-European portfolio - accounting for 12% of total distributable earnings - and the improvement in the second six months of the South African portfolio.

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HYPE - HYPROP INVESTMENTS LIMITED - INTEREST PAYMENT NOTIFICATION
01 August 2018

In accordance with paragraph 4.13(b) of the JSE Debt Listings Requirements, noteholders are hereby advised of the interest amount details as follows:

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ACCELERATED BOOKBUILD
2018 08 May 2018

The equity raise will be implemented through an accelerated bookbuild process (the “Bookbuild”) and proceeds raised will be used principally to repay debt. The Bookbuild is now open and the Company reserves the right to close it at any time hereafter.

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HYPROP CAPITAL RAISE 2.4 TIMES OVERSUBSCRIBED
2018 08 May 2018

JSE specialist shopping centre REIT, Hyprop, today announced the results of a successful bookbuild which was 2.4 times oversubscribed, raising R782.6 million. In light of strong demand, the bookbuild was increased to 7 453 238 shares, priced at ZAR105.00 per share, representing a 4.9% discount to the 30 business day VWAP.

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Moody's Adjusts Hyprop Investments Limited Credit Rating
2018 29 March 2018

Noteholders are advised of Moody’s Investor Services (“Moody’s”) rating actions on 11 South African corporates including Hyprop Investments Limited, which were driven by Moody’s decision to confirm South Africa’s government issuer rating at Baa3 with a stable outlook on 23 March 2018.

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New Financial Instrument Listing Announcement: HILB08 & HILB09
2018 27 March 2018

The JSE Limited has granted a listing to Hyprop Investments Limited of the following Senior Unsecured Notes under its Domestic Medium Term Note Programme.

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HYPROP HOLDS STEADY WITH SOLID INTERIM GROWTH
2018 02 March 2018

JSE specialist shopping centre REIT, Hyprop, today reported solid growth in distributions of 8,3% for the six months to December 2017 (the period), driven by a stable performance from the South African shopping centres and a strengthening South-Eastern European portfolio.  Prior-year acquisitions in South-Eastern Europe proved successful with the acquisition trail continuing post period-end. Hyprop declared a dividend of 376,3 cents per share for the period (Dec 2016: 347,3 cents).

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Retail centre owner Hystead to receive €164 million in loans
2018 27 February 2018

The EBRD and IFC, a member of the World Bank Group, are boosting the retail sector in Serbia, Montenegro and FYR Macedonia with €164 million in loans to the investment firm Hystead.

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HYPROP ACQUIRES INTEREST IN TWO CROATIAN MALLS
2018 21 February 2018

Hystead Limited (Hystead), a UK company co-owned by Hyprop Investments Limited (Hyprop) and PDI Investment Holdings Limited (PDI), today announced that it has acquired a 90% interest in two Croatian shopping centres. The purchase consideration net of EUR154.4 million asset-based finance is EUR129.1 million, of which Hyprop’s effective share is approximately EUR77.5 million, or R1.12 billion. The two malls, namely City Center one Zagreb West and City Center one Zagreb East, are located in Zagreb, the capital of Croatia. The transaction is conditional upon approval of the Croatian competition authority and is expected to close at the end of March 2018.

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2017

 

2017

Hyprop 2017 Integrated Annual Report, Consolidated Financial Statements and the Notice of Annual General Meeting released
2017 31 October 2017

We are pleased to advise you that the 2017 Integrated Annual Report, Consolidated Financial Statements and  the Notice of Annual General Meeting are available on our company website (www.hyprop.co.za) and (http://www.hyprop.co.za/reports/ar_2017/index.php).

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Nu Metro Woodlands
2017 02 October 2017

JSE-listed retail property specialist Hyprop has secured Nu Metro for Woodlands. Nu Metro cinemas will begin trading in December 2017, featuring five luxury VIP cinemas. Pretoria Regional Executive, Nicole Greenstone comments: “We are excited to welcome Nu Metro, a prestigious entertainment brand to Woodlands. We believe they will further enhance our entertainment offering, increase both dwell time and footcount, as well as  complement the restaurants’ trading.” 

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HYPROP SHOWS STRONG DIVIDEND GROWTH IN TOUGH ECONOMY
2017 01 September 2017

JSE specialist shopping centre REIT, Hyprop Investments (“Hyprop”), continued meeting strong distribution growth forecasts despite a tough economy, with a total dividend of 695,1 cents per share for the year to June 2017, up 12,1% on the prior year. Hyprop owns a R36,8 billion portfolio of premium quality shopping centres in South Africa, sub-Saharan Africa and South-Eastern Europe. The company’s balance sheet further strengthened with a 5,6% increase in net asset value to R99,78 per share and a 6,1% decrease in loan to value to 28,1%.  The first-time full year inclusion of the European portfolio helped drive distributable earnings up to R1,7 billion from R1,5 billion at June 2016. 

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Acquisition of flagship shopping centre in Sofia, Bulgaria
2017 20 July 2017

UK-based Hystead Limited (Hystead), co-owned by Hyprop Investments Limited (Hyprop) and PDI Investment Holdings Limited (PDI), today announced the Euro 156 million acquisition by its subsidiary Balkan Retail NV of all the shares in Bulgarian company AP Retail I EOOD (AP Retail), which owns The Mall shopping centre located in Sofia, Bulgaria’s capital city.

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H&M TO OPEN FLAGSHIP STORE IN CANAL WALK
2017 07 July 2017

JSE specialist shopping centre REIT Hyprop is pleased to announce that global retailer H&M is opening a flagship store at Canal Walk shopping centre. The two-level 4 600m² store is well located in the centre and will be opening on 18 November.

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ADDITIONAL SOLAR PV ADDED TO CLEARWATER MALL
2017 19 June 2017

Hyprop Investment Limited’s Gauteng-based regional shopping centre, Clearwater Mall, has added additional solar photovoltaic (PV) to their roof.

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Mandela Magic - Canal Walk Shopping Centre wins international marketing award for #MandelaMosaic
2017 15 June 2017

Cape Town, 15 June 2017 – Hyprop Investments’ Canal Walk Shopping Centre (CWSC) has been awarded the 2017, International Council of Shopping Centres (ICSC) Foundation European Community Support Award, for the ‘Mandela Day Mosaic’ campaign. The prestigious award was announced last week at the Solal Awards event in Vienna, Austria. The award includes a donation of $5,000 for the campaign’s beneficiary LEAP Science and Math Schools, (LEAP), a no fee education provider.

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The Glen’s food court to receive a new generation redevelopment
2017 11 May 2017

Hyprop’s The Glen is embarking on a R121 million upgrade and redevelopment of its food court. Regional Executive, Lynda Burger says that “the centre is excited about the redevelopment, which is set to boost the food and leisure offering in an experiential, interactive and dynamic way for our customers.”  The tenants that will be affected by the redevelopment are Steers, Wimpy, Mimmo’s, Ocean Basket, Mugg & Bean, Dial-a-Bed, Crafters Market, Fantasia and Milky Lane. Wimpy will be relocating to a to a new-look store opposite Game. Texamo Spur, Roco Mamas, Panarottis and Nandos will trade throughout the redevelopment. Hyprop thanks its tenants and shoppers for their cooperation during this redevelopment, which is estimated to be completed by April 2018.

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HYPROP'S STRONG INTERIMS PROMPT HIGHER FULL-YEAR GROWTH GUIDANCE
2017 03 March 2017

JSE specialist shopping centre REIT, Hyprop, reported strong double-digit growth in distributions for the six months to December 2016 (the period) off the back of a solid performance from the South African shopping centres, supported by the inclusion of distributable income from the newly-acquired South-Eastern European portfolio. Hyprop declared a dividend of 347,3 cents per share for the period, 16,6% up on the corresponding period in 2015.

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2016

 

2016

HYPROP ACQUIRES INTEREST IN SKOPJE CITY MALL
2016 25 October 2016

Hystead Limited (Hystead), a UK company co-owned by Hyprop Investments Limited (Hyprop) and PDI Investment Holdings Limited (PDI), today announced that it has acquired the Macedonian mall, Skopje City Mall, purchased from Balfin Finance BV, Amsterdam. The total purchase consideration is EUR 92 million.

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PROVEN QUALITY LEADS TO CONSISTENT GROWTH FOR HYPROP
2016 02 September 2016

HIGHLIGHTS

Final dividend up 14,9%
Acquired three shopping malls (Nigeria, Serbia and Montenegro)
R700 million equity raised (post year-end)
Disposed of non-core properties for R365 million (post year-end)

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MOODY'S ISSUES UPDATED CREDIT OPINION FOR HYPROP
2016 05 July 2016

Update to Discussion of Key Credit Factors

Hyprop Investments Limited's (Hyprop) Baa3/Aa3.za long term issuer ratings are supported by the high quality retail portfolio, which benefits from active management producing solid, recurring retail income, supported by low vacancies (1.5% as of 31 December 2015) and well positioned retail assets.
(Read full report here)

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Moody's Recalibrates South Africa's National Rating Scale and Repositions National Scale Ratings of Non-Financial Corporates
2016 13 May 2016

Hyprop Debt Capital Market  investors are advised of Moody’s Investor Services (“Moody’s”) recent decision to  recalibrate the National Scale Rating (“NSR’s”) of 17 South African  non-Financial corporates in conjunction with the recalibration of the South  African national rating scale.

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Hyprop welcomes the first Starbucks in sub-Saharan Africa
2016 21 April 2016

Global coffee conglomerate, Starbucks entered the South African market today with its first flagship store, located in Hyprop’s head office building, on the corner of Cradock and Tyrwhitt Avenues, next to Hyprop’s Rosebank Mall. 

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HYPROP'S DISTRIBUTION GROWTH OF 13.4% AHEAD OF EXPECTATIONS
2016 03 March 2016

HIGHLIGHTS

Dividend up 13,4%
Opening of Achimota Mall, Ghana
Acquisition of Ikeja City Mall, Nigeria
Acquisition of Delta City Malls, Serbia and Montenegro (post-period-end)

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HYPROP ACQUIRES 60% INTEREST IN TWO SOUTH-EASTERN EUROPEAN MALLS
2016 09 February 2016

JOHANNESBURG, Gauteng, 9 February 2016

Hyprop Investments Limited (Hyprop), the specialist shopping centre REIT (Real Estate Investment Trust) today announced that it has acquired a 60% interest in Serbian mall, Delta City Belgrade purchased from Delta Real Estate Group (Delta), a private Serbian company  and Montenegrin mall, Delta City Podgorica, purchased from Hemslade Trading Limited Cyprus (Hemslade) and Delta. Homestead Group Holdings Limited (Homestead), a company associated with Louis Norval, a non-executive director of Hyprop, has acquired the remaining 40% in both malls.

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