It will probably take at least another 12-24 months before Redefine Properties achieves its ultimate goal of a full takeover of Fountainhead Property Trust’s R11,1bn portfolio.
Former Rooftop Market will continue pursuing legal action against Rosebank Mall owner Hyprop Investment, despite its permanent relocation from Rosebank to Norwood Mall.
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.
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.
Reshaping of Rosebank's skyline is gathering pace as listed property funds‚ private investors and financial institutions continue to pour millions of rand into Gautrain-driven development opportunities.
The Competition Commission approves Hyprop Investments' acquisition of Somerset Mall from Sycom Property Fund
JSE-listed Hyprop Investments (HYP) is one step closer to acquiring the Somerset Mall in the Western Cape‚ which would be one of the most significant retail transactions in the local commercial property market.
Appeal panel of three highly regarded judges were unanimous in deciding that Hyprop had been wrong to cancel the lease and evict B&B Market.
Hyprop has been and remains involved in litigation with B&B Market Rooftops (Pty) Ltd (“B&B”) regarding the relocation of the Sunday Rooftop Market at Rosebank Mall (“the Mall”).
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