At Hyprop, we see value as more than financial returns. We strive to create value for stakeholders, be a good corporate citizen and operate our business sustainably. This is achieved by pursuing sustainable total returns, remaining relevant in the societies in which we operate, and being cognisant of our impact on the environment and its impact on our business.
Value creation is linked to our approach to good governance and ethical leadership. Management understands that the purpose of business is to increase profitability, provide sustainable total returns and create value. To achieve this, management considers current opportunities and strengths, and explores ways in which to mitigate risks and threats.
|Good corporate governance as a lever for value creation|
Align business strategy to corporate values, while considering our impact on the economy, society, stakeholders and the environment.
|Governance of the six capitals||Key to value creation||Value created:
How value is shared by investors and other stakeholders
Grow a specialised portfolio of high-quality, dominant shopping centres by pursuing appropriate yield-enhancing acquisitions
Active asset management
Maximise efficiencies, seek expansion and redevelopment opportunities (for existing shopping centres)
Effective debt management
Fix interest rates and increase average period of hedged debt book
Effective leasing management
Focus on contractual rental escalations and improving the tenant mix
Targeting and achieving key skills retention, diversity and effective succession planning through proactive human resources management
Value is received through dividends and growth in the Hyprop share price
The quality of our malls and superior tenant mix attracts customers and creates business opportunities for tenants
Support of local supply chains provides local job opportunities
Development, rewards and long-term incentives to retain skilled and motivated employees
Communities benefit from numerous socio-economic projects coordinated through the Hyprop Foundation