Funding via the bond market is considered as more transparent than conventional debt, with listed property funds accessing capital at more attractive rates
Hyprop Investments for the second half of 2011 should dispel doubts about the acquisition of Attfund’s R9bn shopping centre portfolio in September last year.
Expanding and refurbishing shopping centres to retain their status, positive trading conditions at Canal Walk, Hyde Park, Clearwater and The Glen
Hyprop declares a total distribution for the year ended December of 383c per combined unit, an increase of 7.3% on the previous year.
Rand Merchant Bank has announced that the sale of a large tranche of Hyprop units, exceeded expectations when they were bought via an 'accelerated bookbuild placement' on global markets.
Hyprop Investments and Redefine Properties, shared owners of South Coast shopping mall, have opted to auction the property in a bid to focus on more 'core' assets.
There is a view that Hyprop, under CEO Pieter Prinsloo, may be able to unlock value for Sycom shareholders.
Nedbank Corporate Property Finance has approved finance to the value of R3.8 billion, creating the financial foundation for Hyprop Investments Limited to acquire 100% of Attfund Retail Limited
Hyprop Investments reported a disappointing interim results to June, dragged down by the underperformance of its hotel portfolio and listed property unit trust Sycom.

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