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Prinsloo to head Redefine's new Europe division

By: Creamer Media Reporter 3rd October 2018 JSE-listed real estate investment trust Redefine Properties has appointed Hyprop Investments CEO Pieter Prinsloo to head up Redefine Europe, effective February 1, 2019. “The new role was necessitated as Redefine advances its geographic diversification strategy through direct investment in... →

Hyprop ‘ahead of the market’ with total dividend of 756.5c a share for FY18

By: Simone Liedtke 31st August 2018 JSE-listed real estate investment trust (Reit) Hyprop continued to deliver strong growth in a tough economic environment, with a total dividend a share of 756.5c declared for the financial year to June 30. This growth was 8.8% higher than in the prior financial year, the company said on Friday. →

Hyprop raises R782m in oversubscribed bookbuild

By: Simone Liedtke 8th May 2018 JSE-listed Hyprop on Tuesday raised R782.6-million in an accelerated bookbuild. The company had initially sought to raise about R600-million to reduce its debt. →

Hyprop lifts H1 distributions by 8.3% y/y

By: Simone Liedtke 2nd March 2018 JSE-listed specialist shopping centre real estate investment trust (Reit) Hyprop on Friday reported solid growth in distributions of 8.3% for the six months to December 31, which was driven by a stable performance from South African shopping centres and a strengthening South-Eastern European... →

Hyprop subsidiary acquires 90% interest in two Croatian shopping centres

By: Simone Liedtke 22nd February 2018 Hystead, a UK company co-owned by Hyprop Investments and PDI Investment Holdings (PDI) has acquired a 90% interest in two Croatian shopping centres from WKB 3 for €129.1-million. When completed, Hystead will own six shopping centres in five countries, with a gross asset value exceeding €740-million. →

Hyprop’s South-Eastern Europe fund eyes possible dual listing

By: Natasha Odendaal 1st September 2017 JSE-listed Hyprop on Friday said progress was being made in the potential dual-listing of its 60%-owned UK-based Hystead subsidiary, which holds all of Hyprop’s South-Eastern Europe assets, by the first half of 2018. Hystead is eyeing additional listings on the Johannesburg and Luxembourg bourses... →

Hyprop’s Strong Interims Prompt Higher Full-Year Growth Guidance

3rd March 2017 HIGHLIGHTS • Dividend up 16,6% • Acquired Skopje City Mall, Skopje, Macedonia • Sale of Willowbridge South for R460 million • Developments of R260 million underway (SA portfolio) JSE specialist shopping centre REIT, Hyprop, reported strong double-digit growth in distributions for the six months... →

Hyprop sees distribution growth double as European portfolio picks up

By: Megan van Wyngaardt 3rd March 2017 Shopping centre-focused real estate investment trust Hyprop reported strong double-digit growth in distributions for the six months to December, 31, owing to a solid performance from its local shopping centres and supported by the inclusion of distributable income from the newly acquired... →

Hyprop subsidiary in €92m south-east Europe deal

By: Natasha Odendaal 25th October 2016 Hyprop Investments’ 60%-owned UK-based subsidiary Hystead has acquired Skopje City Mall, in Macedonia, south-east Europe, from Balfin Finance for €92-million. Hystead, in which PDI Investment has the remaining 40% stake, now owns three properties in the region, in line with Hyprop’s Europe strategy. →

Hyprop vacancies fall, FY distributions rise 14.2% y/y

By: Megan van Wyngaardt 2nd September 2016 Specialist shopping centre real estate investment trust Hyprop has reported double-digit growth for the year ended June 30, off the back of its defensive quality shopping centre portfolio. Hyprop declared a total distribution of 619.9c a share for the full year, up 14.2% on the prior year, with... →

Hyprop posts 13.4% H1 distribution growth

By: Megan van Wyngaardt 3rd March 2016 Hyprop’s strategy of investing in shopping centres that dominate catchment areas has seen the real estate investment trust declare a dividend of 297.8c a share for the six months ended December 31 – up 13.4% from the comparative period. “We maintained robust growth in all key indicators,”... →

Gauteng shopping centre boasts largest rooftop PV installation in Africa

By: Anine Kilian 15th January 2016 Development company Hyprop’s regional shopping center Clearwater mall, in Johannesburg, Gauteng, tripled the generation output of its solar photovoltaic (PV) plant by adding an additional 1000 kWp to the system last month. The mall currently has the largest rooftop PV system in Africa. Hyprop... →

Hyprop, Attacq acquire Nigeria mall

By: Megan van Wyngaardt 17th November 2015 Marking its first investment in Nigeria, local real estate investment trust Hyprop acquired 75% of Lagos-based Ikeja City Mall. Fellow JSE-listed real estate capital growth fund Attacq acquired the remaining 25%. →

Real estate investment trust lifts distributions

By: Anine Kilian 18th September 2015 JSE-listed real estate investment trust (Reit) Hyprop achieved a 15% increase in total distributions to 543c a share for the 2015 financial year. Revenue and distributable earnings from investment property increased by 11.9% and 14.5%, respectively, while net asset value (NAV) per share rose... →

Hyprop lifts FY distributions

By: Anine Kilian 1st September 2015 JSE-listed real estate investment trust (Reit) Hyprop achieved a 15% increase in total distributions to 543c a share for the 2015 financial year. Revenue and distributable earnings from investment property increased by 11.9% and 14.5%, respectively, while net asset value (NAV) per share rose... →

Hyprop declares 262c interim dividend

By: Sashnee Moodley 23rd February 2015 Property company Hyprop on Monday reported strong return growth with an interim dividend of 262c a share for the six months to December 31, an increase of 13.7% on the previous year. Hyprop CEO Pieter Prinsloo stated that the total return for the six months was 25.9% and Hyprop’s revenue and... →

Hyprop Continues Sustainable Distribution Growth

23rd February 2015 Highlights • Dividend up 13.7% • Total return (six months) 25,9% • Investments in sub-Saharan Africa (excluding South Africa) R2 billion • Rosebank Mall redevelopment completed →

R8m solar PV system launched at Gauteng mall

By: Mia Breytenbach 23rd January 2015 Property group Hyprop Investments launched a new solar photovoltaic (PV) system, valued at about R8-million, at its Clearwater Mall, in Gauteng, in December. “Clearwater Mall is the first property of Hyprop to which we applied a solar PV system of this magnitude,” comments Hyprop CEO Pieter... →

R930m Rosebank Mall refurb concluded with Woolworths launch

By: Natalie Greve 26th September 2014 Property group Hyprop Investments concluded the R930-million redevelopment of Johannesburg’s Rosebank Mall with the opening of a flagship 9 000 m2 Woolworths store on Thursday. “With the opening of this final anchor tenant, we are happy to announce the successful conclusion of one of our largest... →

Hyprop exceeds FY guidance with solid distribution growth

By: Natalie Greve 29th August 2014 Exceeding its full-year guidance for the 12 months ended June 30, specialised shopping centre real estate investment trust (REIT) Hyprop Investments on Friday announced a distribution of 472c per combined unit – up 11.3% on that of the 2013 financial year. CEO Pieter Prinsloo told a media... →

Hyprop, Attacq restructure African Land buyout

By: Natasha Odendaal 17th July 2014 The investment structure of real estate investment company African Land Investments has been restructured, resulting in Hyprop Investments and Atterbury Africa each holding a 50% stake in the 44 000 m2 Zambia-based Manda Hill shopping centre, African Land’s only asset. Hyprop and capital growth... →

Hyprop eyes African expansion with R3bn investment

By: Natasha Odendaal 21st February 2014 Specialised shopping centre fund Hyprop Investments has accelerated its African expansion strategy with a R3-billion boost over the next five years in an effort to become a dominant African shopping centre Real Estate Investment Trust, CEO Pieter Prinsloo said on Friday. Speaking at the... →

African Land to sell 99.4% of issued shares, abandons proposed listings

By: Tracy Hancock 27th November 2013 Specialised shopping centre fund Hyprop Investments and capital growth fund Attacq had reached an agreement to acquire 87% and 12.4% respectively of the issued shares in real estate investment company African Land Investments for a consideration of R768-million and R110-million. The balance of... →

Rosebank Mall redevelopment hits halfway mark

By: Natasha Odendaal 29th August 2013 The redevelopment of Rosebank Mall, in Johannesburg, was 50% completed, JSE-listed property group Hyprop CEO Pieter Prinsloo said on Thursday. South Africa’s third largest listed property fund started construction on the R932-million project in September 2012 and expected to complete the project... →

Rental growth boosts Hyprop 2012 distributions

By: Natalie Greve 28th February 2013 JSE-listed retail centre fund Hyprop reported that distributions for the year ended December 31, 2012, had increased by 6.8% to 409c a unit, buoyed by positive rental growth and increased trading density, particularly at its large shopping centres. Total return to unit holders was 44.8%,... →

Hyprop to sell Hyde Park hotel for R130m

By: Megan van Wyngaardt 19th November 2012 Listed property investment group Hyprop would sell its Southern Sun Hyde Park Hotel, in Johannesburg, to the current operator, Southern Sun, for R130-million, the company announced on Monday. The move was in line with Hyprop’s strategy to dispose of noncore assets, CEO Pieter Prinsloo said,... →

R920m redevelopment of prime Johannesburg mall begins

28th September 2012 JSE-listed shopping centre fund Hyprop recently kicked off the redevelopment and extension of Rosebank Mall, formerly The Mall of Rosebank, which is set to boost the Rosebank node considerably and provide shoppers with a refreshed and modernised retail facility. →

R920m facelift for Rosebank Mall

By: Megan van Wyngaardt 31st August 2012 JSE-listed shopping centre fund Hyprop has launched the R920-million redevelopment and extension of the Rosebank Mall, which would almost double its size to 62 000m² of lettable area. Construction on the 25-month project began this month and is expected to complete by September 2014, the... →

Hyprop reports strong half-year distribution growth

By: Megan van Wyngaardt 23rd August 2012 JSE-listed shopping centre fund Hyprop on Thursday reported distribution growth of 9.4% to 198c a unit for the six months ended June 30, while revenue surged to R1.06-billion from R563.8-million a year earlier. Hyprop also dvanced its strategy of growing its asset base with the approval of the... →

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