Listed property loan stock company Hyprop Investments is confident that SA Retail Properties unitholders will support its hostile takeover bid of the company.
Listed property loan stock company's takeover bid for competitor SA Retail Properties is an attractive offer for unit holders.
Property loan stock company has unveiled a hostile takeover bid for competitor SA Retail Properties, saying it intended to acquire all the linked units in the company.
Leading property loan stock Hyprop Investments today announced its intention to acquire all of the linked units in listed property fund SA Retail Properties.
Hyprop Investments has disposed of office buildings in aggregate worth R93 million to a spread of parties, successfully furthering its core strategy of disposing of non-core commercial properties to focus on prime retail real estate.
Listed property loan stock heavyweights Hyprop Investments and Redefine Income Fund are for the first time collaborating on a shopping centre development on the south coast of KwaZulu-Natal.

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