Hyprop is Africa’s leading specialist shopping centre Real Estate Investment Trust (REIT), operating a portfolio of shopping centres in major metropolitan areas across South Africa, sub-Saharan Africa and South-eastern Europe.
The South African based shopping centre portfolio includes super regional centre Canal Walk, large regional centres Clearwater Mall, The Glen, Woodlands Boulevard, CapeGate Shopping Centre, Somerset and Rosebank malls, and regional centre Hyde Park Corner.
The sub-Saharan Africa portfolio includes interests in Manda Hill in Lusaka, Zambia; Accra Mall, Achimota Mall and West Hills Mall (all in Accra, Ghana); and Ikeja City Mall in Lagos, Nigeria. Construction is under way at Kumasi City Mall in Kumasi, Ghana, and is due for completion in April 2017.
In 2016 Hyprop expanded into South-eastern Europe by acquiring a 60% interest in Delta City Belgrade, Serbia; Delta City Podgorica, Montenegro and Skopje City Mall, Macedonia.
Strategy Hyprop’s strategy is to own high-quality shopping centres in emerging markets, where such assets can be acquired or developed at attractive yields. The group’s shopping centres dominate in terms of average size, which attracts new concept and flagship stores to make their centres the preferred locations for local and international brands.
The company structure, capable and experienced teams and a hands-on approach ensure Hyprop can execute its strategy and effectively manage its assets to achieve ongoing income and capital growth.
Goals
The company strives to create sustainable value for its stakeholders and to be a good corporate citizen by operating the business with tomorrow in mind. Hyprop’s pursuit of sustainable value creation incorporates economic prosperity, social responsibility and environmental protection.
Hyprop aims to achieve sustainable distribution and capital growthm be a leading specialist shopping centre REIT with a portfolio located in sub-Saharan Africa (including South Africa), South-eastern Europe, and other emerging markets offer shareholders access to income and capital growth through a portfolio of premium shopping centres in a transparent, sustainable investment vehicle be the partner of choice for tenants, shoppers, employees and investors provide a trustworthy, transparent and sustainable investment promote social and environmental sustainability be a world-class REIT that adheres to global best practice and be the leading retail REIT in South Africa grow and nurture a specialised portfolio of quality retail property investments diversify geographical concentration by seeking opportunities in other emerging markets continually improve the quality of the portfolio through developments, expansions and refurbishments dispose of non-core South African assets.
