GROUP PROFILE AND STRATEGIC FOCUS
2015 IN PERSPECTIVE

Group profile

Hyprop, Africa’s leading specialist shopping centre Real Estate Investment Trust (REIT), operates an internally managed portfolio of shopping centres in major metropolitan areas across South Africa. Hyprop also has a growing presence in sub-Saharan Africa, through a joint venture with Attacq Limited (Attacq) and the Atterbury Group.

The core portfolio consists of premier shopping centres in South Africa, including super regional centre Canal Walk, large regional centres Clearwater Mall, The Glen Shopping Centre, Woodlands Boulevard, CapeGate Shopping Centre, Somerset and Rosebank Malls, and regional centre Hyde Park Corner. The portfolio also includes interests in Accra Mall and West Hills Mall (both in Accra, Ghana), and Manda Hill Centre in Lusaka, Zambia.

Our structure provides a solid foundation for growth. We have 11 prime shopping centres in South Africa, two co-owned. Quality assets, strong contractual lease escalations and a sound balance sheet, position Hyprop well to weather the impact of a challenging economic environment. Our assets dominate in terms of average size, which helps attract new concept and flagship stores, and are preferred locations for international brands. These characteristics provide defensive qualities in an economic downturn. In South Africa, our assets are internally managed by capable, experienced teams. Our overarching, hands-on approach allows us to effectively optimise our assets.

In terms of sustainable growth, we are well placed to capitalise on African opportunities. Hyprop’s growing presence in sub-Saharan Africa includes the 27 500m² West Hills Mall in Accra, Ghana, which opened in November 2014, while construction is now complete at Achimota Mall in Accra, which opened in October 2015. Construction is under way at Kumasi City Mall in Kumasi, due for completion in 2017.

Investment proposition Hyprop offers investors direct access to high-quality shopping centres in sub-Saharan Africa through a transparent investment vehicle focused on income and capital growth. Each Hyprop shopping centre is distinguished by: Quality, size and location, catering to middle to higher-income consumers Mix of flagship national and international retail tenants Being the preferred shopping destination in high-density, metropolitan areas. Hyprop’s focus Sustainable income growth through contractual rental escalations To improve the shopping centre portfolio through reinvestment, with continuous extensions and refurbishments Sound balance sheet Specialised and experienced internal management.

Investment profile Investments   Distributable income