Our business structure
Our structure provides a solid foundation for growth. We have 12 prime shopping centres in South Africa, three co-owned. Our investments in sub-Saharan Africa are facilitated through Atterbury Africa, a joint venture between Hyprop, Attacq and the Atterbury Group. This gives us exposure to two existing shopping centres, Accra Mall (19 000m2) in Ghana and Manda Hill (43 400m2) in Zambia, as well as a pipeline of new developments.
Post-year-end, we restructured our investment in African Land and now hold 50% in Manda Hill, African Land’s only asset, through our wholly owned subsidiary, Hyprop Mauritius. Atterbury Africa holds the balance. Hyprop originally acquired 87% of African Land for R768 million and Attacq 12,4% for R110 million in December 2013.
Company structure
|
