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Hyprop Investments Limited

Integrated annual report 2016

4

GROUP PROFILE

Hyprop, Africa’s leading specialist

shopping centre Real Estate Investment

Trust (REIT), operates a portfolio of

shopping centres in major metropolitan

areas across South Africa, sub-Saharan

Africa and, more recently, South-Eastern

Europe.

Hyprop’s strategy is to own high-quality shopping centres in

emerging markets, where such assets can be acquired or

developed at attractive yields. Hyprop’s shopping centres

dominate in terms of average size, which attracts new concept

and flagship stores to make our centres the preferred locations

for local and international brands. The company structure

provides a sound foundation for the execution of our strategy,

with capable and experienced teams and a hands-on approach

enabling us to effectively manage our assets to achieve

ongoing income and capital growth.

The shopping centre portfolio in South Africa includes 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 sub-Saharan Africa portfolio includes interests in Manda

Hill in Lusaka, Zambia; Accra Mall, Achimota Mall and West Hills

Mall (all in Accra, Ghana); and Ikeja City Mall in Lagos, Nigeria.

Construction is under way at Kumasi City Mall in Kumasi,

Ghana, due for completion in April 2017.

Earlier this year, Hyprop expanded into South-Eastern Europe

by acquiring a 60% interest in Delta City Belgrade, Serbia, and

Delta City Podgorica, Montenegro.

INVESTMENT PROFILE

Hyde Park Corner, Johannesburg, Gauteng

INVESTMENTS

2016

Core South African portfolio

(R26,5 billion)

Sub-Saharan Africa (excluding SA)

(R4,2 billion)

South-Eastern Europe (R2,0 billion)

Held-for-sale (R864 million)

Sold* (R365 million)

12%

6%

78%

3% 1%

DISTRIBUTABLE INCOME

2016

Core South African portfolio

(R1,3 billion)

Sub-Saharan Africa (excluding SA)

(R84 million)

South-Eastern Europe (R32 million)

Held-for-sale (R79 million)

Sold* (R33 million)

6%

5%

85%

2%

2%

*Post year-end