Hyprop Investments Limited ("Hyprop")(JSE: HYP) today announced a distribution of 472 cents per combined unit for the year to June 2014 ("the year"), up 11,3% on FY 2013 and ahead of guidance previously provided by the company.

Redevelopment of the Rosebank Mall in Johannesburg is having a welcome effect on hotels in the area, with foreign business tourists now staying longer, partly to shop at the new high-end stores.

The Tower Property funds focussed strategy, which differs from the typical approach to office asset management, has paid off for one building within the portfolio.

Hyprop Investments' share price falls 4% over the past week‚ creating what some believe is a temporary buying opportunity for investors keen to share in the spoils of SA's largest shopping centres and the burgeoning consumer markets of Ghana and Zambia.

Continuing its trend of sustainable distribution growth, Hyprop Investments Limited today announced interim distribution of 231 cents per unit for the six months to December 2013, up 9,5% on the corresponding period in 2012. 

There's no doubt that the roll-out of the Gautrain has been a success in providing safe, quick and convenient means of transport to and from the workplace, and according to the Gautrain website, since the opening of Park Station in Rosebank there has been a dramatic increase in the demand for the Gautrain and its bus services.

Former Rooftop Market will continue pursuing legal action against Rosebank Mall owner Hyprop Investment, despite its permanent relocation from Rosebank to Norwood Mall.

Retail-focused property loan stock company Hyprop reports a 7.6% rise in total distributions to 213c per combined unit for the six months ended June.

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”).