The cost of renovating the Mall of Rosebank contributed to Hyprop Investment's profit falling in the year to June, but it raised its distribution 11.3% to R4.72.

Attacq today announced its maiden half-year results since listing on the JSE on 14 October 2013.

Continuing its trend of sustainable distribution growth, Hyprop Investments Limited today announced interim distribution of 231 cents per unit for the six months to December 2013, up 9,5% on the corresponding period in 2012. 

Three years ago only a handful of formal shopping centres were scattered across Africa, now developers are starting to flow into new retail-focused projects.

Private equity firm Actis is investing a further $278m of equity into property developments in sub-Saharan Africa, bringing its total African property investments across two funds to about $433m.

Retail-focused property loan stock company Hyprop reports a 7.6% rise in total distributions to 213c per combined unit for the six months ended June.

When West Hills Mall opens in Ghana’s capital Accra, it will become the largest single-phase modern shopping centre in the city. 

Joining Atterbury Group’s African expansion, Hyprop Investments Limited has entered an agreement as a co-investor in Mauritian-based property investment company, Atterbury Africa Limited