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.

We achieved solid results in the first quarter of this year, improving our gross margin on rental activity by 23% and improving our FFO by 27%. - said Thomas Kurzmann, GTC’s CEO.