Over the past tumultuous three years in the global economy, shopping centres have emerged as the most defensive real estate asset class. Hyprop continues to offer investors direct access to ownership of high quality shopping centres in South Africa, through a transparent investment vehicle geared towards ongoing income and capital growth. All income is distributed on a semi-annual basis.
The R20 billion fund has a proven track record of consistent growth in returns: over the past 21 years Hyprop delivered an average of 10,5% growth in distributions per annum and since 2004 an average of 17,1% distribution growth per annum. The unit price has grown on average 13% over the past 21 years and 27% since 2004.
Almost all properties are 100% or majority-owned, ensuring transparency and effective control. The shopping centres are distinguished by their quality, size and prime locations in the
major cities of South Africa. Each retail experience is continually adapted to meet tenant demands and the evolving lifestyle trends of shoppers.
Based in South Africa and focused exclusively on domestic shopping centres, Hyprop has the advantage of operating in a sophisticated and stable financial environment on a par with the strongest emerging economies. The local economy has proved its mettle, successfully weathering the global recession with the robust banking system escaping the fate of its developed economy counterparts. The relative health of the economy is reflected in escalating consumer confidence and spend, which are driving ongoing growth in retail sales. South Africa also continues to benefit from a strong infrastructure development push and a burgeoning tourism sector. As the gateway to the rapidly developing African continent, South Africa is a preferred repository for emerging economy investment.