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Hyprop Investments Limited
Integrated annual report and consolidated financial statements
2017
1988
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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
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Acquired Rosebank Mall and
adjacent mall offices – valued
at R320 million
■■
Acquired an additional 16,8%
stake in The Glen for
R47,8 million
2005
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Acquired 45% of SA Retail
Properties
■■
Opened Southcoast Mall,
jointly developed with
Rede ne Properties
2006
■■
With Vunani Properties,
launched black-empowered
Vunani Property Investment
Fund
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Construction of Stoneridge
Centre – development cost
of R544 million
2007
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Disposal of interest in
SA Retail for R1,1 billion
■■
Acquired 31,3% of Sycom
Property Fund for R1,2 billion
2008
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Stoneridge Centre opened
2009
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Acquired 70% undivided
share in Nedbank Gardens,
for redevelopment of
Rosebank Mall
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Acquired Cradock Heights
in Rosebank, which became
Hyprop head office (2012)
■■
Southern Sun Hyde Park
Corner development
completed
2010
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Successful extensions
completed at Canal Walk
and The Glen – total cost
of R479 million
2011
■■
Acquired Attfund Retail,
increasing portfolio to
12 shopping centres and
doubling assets to R20 billion
■■
Disposed of The Grace Hotel
2003
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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 9 million units
Hyprop’s
history