Hyprop Integrated Report 2015

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ANNEXURES
HISTORY
Listed on JSE with a portfolio comprising Hyde
Park Corner, Boksburg Hypermarket and two
office buildings – total asset value R94 million
Acquired The Grace Hotel and offices for
R32 million.
With Ellerine Bros, jointly acquired premier
Western Cape shopping centre, Canal Walk,
for R1,16 billion
Disposed of eight smaller office blocks
With Vunani Properties, launched Vunani
Property Investment Fund, an empowerment
property fund
Construction of Stoneridge Centre –
development, cost of R544 million
Acquired 70% undivided share in Nedbank
Gardens, for future redevelopment of
Rosebank Mall
Acquired Cradock Heights in Rosebank, which
becomes Hyprop head office (2012)
Southern Sun Hyde Park Corner development
completed
Rosebank Gardens site (formerly Nedbank
Gardens) imploded to begin redevelopment
of Rosebank Mall
Disposal of 50% undivided share in Southcoast
Mall to Redefine Properties Limited
Moody’s Investor Services rated Hyprop a
national scale long-term issuer and
short-term rating of
Co-invested in Mauritius-based Atterbury
Africa, focused on investing in high-quality
shopping centres in sub-Saharan Africa
Disposal of Southern Sun Hyde Park Corner
Hotel to Tsogo Sun
Acquired an undivided one-third share in
The Glen for R95 million
Raised R376 million in a rights offer, issuing
nine million units
Acquired an additional interest in The Glen,
taking Hyprop’s stake to 75,15%
Disposal of stake in SA Retail for
R1,135 billion
Acquired 31,3% of Sycom Property Fund for
R1,24 billion
Successful extensions completed at
Canal Walk and The Glen – total cost of
R479 million
Approved as a REIT by JSE from 1 July 2013
Acquired Somerset Mall in exchange for
Sycom units
Acquired 87% of African Land, gaining
exposure to Manda Hill in Lusaka, Zambia
Acquired Rosebank Mall and adjacent Mall
Offices – valued at R320 million
Acquired an additional 16,77% stake in The
Glen for R47,8 million
Acquired 45% of SA Retail Properties
Southcoast Mall, jointly developed with
Redefine Properties Limited, opened
Stoneridge Centre opened
Acquired Attfund Retail, increasing portfolio
to 12 shopping centres and doubling assets to
R20 billion
Disposal of the Grace Hotel
Effective 1 July, all investments in sub-Saharan
Africa (excluding South Africa) held through
Hyprop Investments Mauritius, a wholly
owned subsidiary
27 500m2 West Hills Mall in Accra, Ghana,
opens in November
Redevelopment of Rosebank Mall completed
in September 2014
Included on JSE SRI Index
Hyprop added to the MSCI Emerging Market
Index, further increasing liquidity of Hyprop
shares
Disposal of CapeGate Lifestyle, CapeGate
Value Centre and Stoneridge Centre
Converted combined unit capital structure to
an all-share structure
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70 Hyprop Investments Limited
Integrated Report 2015