Hyprop Investments Limited

1988

• Listed on JSE with a portfolio comprising Hyde Park Corner, Boksburg Hypermarket and two office buildings — total asset value R94 million

2001

• Acquired an undivided one-third share in The Glen for R95 million

2002

• Acquired Rosebank Mall and adjacent mall offices — valued at R320 million
• Acquired an additional 16,8% stake in The Glen for R47,8 million

2003

• 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

2004

• Acquired an additional interest in The Glen, taking Hyprop’s stake to 75,15%
• Raised R376 million in a rights offer, issuing nine million units

2005

• Acquired 45% of SA Retail Properties
• Southcoast Mall, jointly developed with Redefine Properties Limited, opened

2006

• With Vunani Properties, launched black-empowered Vunani Property Investment Fund
• Construction of Stoneridge Centre — development cost of R544 million

2007

• Disposal of interest in SA Retail for R1,1 billion
• Acquired 31,3% of Sycom Property Fund for R1,2 billion

2008

• Stoneridge Centre opened

2009

• Acquired 70% undivided share in Nedbank Gardens, for future redevelopment of Rosebank Mall

2009

• Acquired Cradock Heights in Rosebank, which became Hyprop head office (2012)
• Southern Sun Hyde Park Corner development completed

2010

• Successful extensions completed at Canal Walk and The Glen — total cost of R479 million

2011

• Acquired Attfund Retail, increasing the portfolio to 12 shopping centres and doubling assets to R20 billion
• Disposal of The Grace Hotel

2012

• Rosebank Gardens site (formerly Nedbank Gardens) imploded to begin redevelopment of Rosebank Mall
• Disposal of 50% share in Southcoast Mall to Redefine Properties
• Disposal of Southern Sun Hyde Park Corner Hotel to Tsogo Sun

2012

• Moody’s Investor Services rated Hyprop a national scale long-term issuer A3.za and short-term rating of Prime-2.za
• Co-invested in Mauritius-based Atterbury Africa, focused on investing in high-quality shopping centres in sub-Saharan Africa

2014

• 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

2015

• 27 500m² West Hills Mall in Accra, Ghana, opens in November
• Redevelopment of Rosebank Mall completed in September 2014
• Included on JSE SRI Index
• Converted combined unit capital structure to an all-share structure

2015

• Hyprop added to MSCI Emerging Market Index, further increasing liquidity of shares
• Disposal of CapeGate Lifestyle, CapeGate Value Centre and Stoneridge Centre