Hyprop, a retail-focused REIT listed on the JSE, today reported annual results demonstrating management is navigating successfully through very uncertain times.

Shoppers at Rosebank Mall in Johannesburg can look forward to a world-class supermarket in the fourth quarter of this year when Checkers will open the doors to one of its high-end stores in the ground floor space recently vacated by Edgars.

Hyprop, a retail-focused REIT listed on the JSE, today reported interim results that demonstrates progress in implementing the Company’s new strategy.

Against the backdrop of a deteriorating global economy, JSE retail specialist REIT – Hyprop - achieved higher distributable income in both its South Africa and Eastern Europe portfolios for the year to June 2019. 

Hyprop is proud to announce that Canal Walk is now home to the largest iStore in Africa.

JSE specialist shopping centre REIT, Hyprop, today announced the sale of Manda Hill Shopping Centre located in Lusaka, Zambia.

JSE specialist shopping centre REIT, Hyprop, today announced progress on its strategy communicated to the market in March this year, where it stated its intention to reduce its exposure to sub-Saharan Africa excluding South Africa to focus its attention and capital on its South African and Eastern European businesses. 

Hystead Limited, which is 60% owned by Hyprop Limited, has successfully completed the 12 000m² extension to The Mall of Sofia, Bulgaria.

JSE specialist shopping centre REIT, Hyprop, will continue to invest in ongoing organic growth through further development of its local centres in order to capitalise on global retail and consumer trends.

Hyprop CEO, Morne Wilken, says the group had been confident from the outset of successfully raising or refinancing the R5 billion referenced by Moody’s.