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Hyprop Investments Limited

Integrated annual report and consolidated financial statements

2017

7

Strategic

intent

Priorities for 2018

■■

Seek further opportunities to improve the quality

of our South African portfolio through developments,

expansions and refurbishments

■■

Reduce the reliance of Hystead on the Hyprop balance

sheet and plan for a potential listing

■■

Completion of developments (SA)

■■

Completion of non-core asset disposals.

Hyprop’s strategic

focus

■■

Specialised investment focus on quality shopping centres

■■

Robust balance sheet provides a strong platform to support

continued growth

■■

Sustainable income growth through contractual rental

escalations

■■

Specialised and experienced internal management.

Hyprop converted to a REIT structure in July 2013. South Africa’s REIT investment structure is recognised globally and aligned with internationally

recognised best practice, making it attractive to local and international investors.

South African REITs are exempt from capital gains taxation and if a REIT pays out 100% of its distributable earnings as a dividend, it will not pay

corporate income tax.

Strategy

Hyprop’s focus remains on investing in high-quality shopping centres, particularly centres that dominate their markets in primary cities.

Why

REIT?