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”).
THE potential merger of Acucap Properties and Sycom Property Fund, the portfolio of which is managed by Acucap, "makes commercial sense".
THE indefinite closure of Rosebank’s Sunday market since April has left the market’s almost 400 businesses "bleeding".
In order to facilitate Hyprop's conversion to a Real Estate Investment Trust (REIT), Hyprop's financial year-end will change from 31 December to 30 June, effective 30 June 2013.

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