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Operational activity

Social responsibility

Occupancy levels remain high at

98%

across the portfolio (2014: 97,6%)

Property costs controlled with

cost-to-income ratio reduced to

33,6%

(2014: 34,4%)

Redeveloped Rosebank Mall opened

in October 2014 and immediately

contributed to growth in distributions

Extension to Woolworths store in

Canal Walk completed in June 2015

Tenant mix improved at Hyde Park

Corner’s Cortina Court, hosting

high-end brands including Versace,

Longchamp and Armani

Hyprop Foundation Funded

R380 000

with a further contribution of R100 000 from Hyprop and

stakeholder contribution of R350 000 towards the Stop Hunger Now SA feeding

scheme, ensuring 2 088 learners were fed three times a day for a year

The 14 624m

2

Achimota Centre in Ghana

opened in October 2015

ƒ

Clearwater Mall’s R37 million upgrade and

extension, housing leading global fashion

brands H&M, River Island and Top Shop, will

open in April 2016

ƒ

Somerset Mall’s Woolworths store upgrade

opened in October 2015

Read more on page 52

Sub-Saharan Africa

Investments in sub-Saharan Africa

(excluding South Africa) of

R2,3 billion

Upgrades and extensions

3

Hyprop Investments Limited

Integrated Report 2015