History

1988  
Lists on JSE with a portfolio comprising Hyde Park Corner, Boksburg Hypermarket and two offi ce buildings — total asset value
R94 million
2001  
Acquires an undivided one-third share in The Glen for R95 million
2002  
Acquires Rosebank Mall and adjacent mall offices — valued at R320 million
Acquires a 16,77% stake in The Glen for R47,8 million
2003  
Acquires the Grace Hotel and offices for R32 million. With Ellerine Bros, jointly acquires premier Western Cape shopping centre, Canal Walk, for R1,16 billion
Disposes of eight smaller office blocks
2004  
Raises R376 million in a rights offer, issuing nine million units
Acquires an additional interest in The Glen, taking Hyprop’s stake to 75,15%
2005  
Acquires 45% of SA Retail Properties
Southcoast Mall, jointly developed with Redefine Income Fund, opens
2006  
With Vunani Properties, launches Vunani Property Investment Fund, an empowerment property fund
Begins construction of Stoneridge Centre — development cost of R544 million
2007  
Disposes of stake in SA Retail for R1,135 billion
Acquires 31,3% of Sycom Property Fund for R1,24 billion
2008  
Stoneridge Centre opens
2009  
Acquires a 70% undivided share in the office park, Nedbank Gardens, for future redevelopment of Rosebank Mall
Acquires Cradock Heights, an office block in Rosebank, to which Hyprop will ultimately move its head office (2012)
Southern Sun Hyde Park development completed
2010  
Successful extensions completed at Canal Walk and The Glen — total cost of R479 million
2011  
Acquires Attfund Retail, increasing portfolio to 12 shopping centres and doubling assets to R20 billion
Disposes of the Grace Hotel
2012  
Rosebank Gardens site (formerly Nedbank Gardens) imploded to begin redeveloping Rosebank Mall
Disposes 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 short-term rating of Prime-2.za
Co-invests in Mauritius-based Atterbury Africa, focused on investing in high-quality shopping centres in sub-Saharan Africa
Disposes of Southern Sun Hyde Park Hotel to Tsogo Sun
2014  
Approved as a REIT by JSE from 1 July 2013
Converts combined unit capital structure to an all-share structure
Acquires Somerset Mall
Acquires 87% of African Land, gaining exposure to Manda Hill in Lusaka, Zambia