Retail-focused Hyprop Investments has announced the appointment of Mike Rodel as CEO with effect from August, to oversee the completion of the company’s R663m expansion programme launched last year.

When Old Mutual Property Investments put Nedbank Gardens office building in Rosebank, Johannesburg, up for sale, it was first offered about R95m.

Listed property unit trust SA Corporate Real Estate Fund has come a long way in terms of market position from its previous incarnation as Martprop Property Fund.