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Nu Metro Woodlands

02 October 2017

JSE-listed retail property specialist Hyprop has secured Nu Metro for Woodlands. Nu Metro cinemas will begin trading in December 2017, featuring five luxury VIP cinemas. Pretoria Regional Executive, Nicole Greenstone comments: “We are excited to welcome Nu Metro, a prestigious entertainment brand to Woodlands. We believe they will further enhance our entertainment offering, increase both dwell time and footcount, as well as  complement the restaurants’ trading.” 

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HYPROP SHOWS STRONG DIVIDEND GROWTH IN TOUGH ECONOMY

01 September 2017

JSE specialist shopping centre REIT, Hyprop Investments (“Hyprop”), continued meeting strong distribution growth forecasts despite a tough economy, with a total dividend of 695,1 cents per share for the year to June 2017, up 12,1% on the prior year. Hyprop owns a R36,8 billion portfolio of premium quality shopping centres in South Africa, sub-Saharan Africa and South-Eastern Europe. The company’s balance sheet further strengthened with a 5,6% increase in net asset value to R99,78 per share and a 6,1% decrease in loan to value to 28,1%.  The first-time full year inclusion of the European portfolio helped drive distributable earnings up to R1,7 billion from R1,5 billion at June 2016. 

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Acquisition of flagship shopping centre in Sofia, Bulgaria

20 July 2017

UK-based Hystead Limited (Hystead), co-owned by Hyprop Investments Limited (Hyprop) and PDI Investment Holdings Limited (PDI), today announced the Euro 156 million acquisition by its subsidiary Balkan Retail NV of all the shares in Bulgarian company AP Retail I EOOD (AP Retail), which owns The Mall shopping centre located in Sofia, Bulgaria’s capital city.

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H&M TO OPEN FLAGSHIP STORE IN CANAL WALK

07 July 2017

JSE specialist shopping centre REIT Hyprop is pleased to announce that global retailer H&M is opening a flagship store at Canal Walk shopping centre. The two-level 4 600m² store is well located in the centre and will be opening on 18 November.

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Mandela Magic - Canal Walk Shopping Centre wins international marketing award for #MandelaMosaic

15 June 2017

Cape Town, 15 June 2017 – Hyprop Investments’ Canal Walk Shopping Centre (CWSC) has been awarded the 2017, International Council of Shopping Centres (ICSC) Foundation European Community Support Award, for the ‘Mandela Day Mosaic’ campaign. The prestigious award was announced last week at the Solal Awards event in Vienna, Austria. The award includes a donation of $5,000 for the campaign’s beneficiary LEAP Science and Math Schools, (LEAP), a no fee education provider.

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The Glen’s food court to receive a new generation redevelopment

11 May 2017

Hyprop’s The Glen is embarking on a R121 million upgrade and redevelopment of its food court. Regional Executive, Lynda Burger says that “the centre is excited about the redevelopment, which is set to boost the food and leisure offering in an experiential, interactive and dynamic way for our customers.”  The tenants that will be affected by the redevelopment are Steers, Wimpy, Mimmo’s, Ocean Basket, Mugg & Bean, Dial-a-Bed, Crafters Market, Fantasia and Milky Lane. Wimpy will be relocating to a to a new-look store opposite Game. Texamo Spur, Roco Mamas, Panarottis and Nandos will trade throughout the redevelopment. Hyprop thanks its tenants and shoppers for their cooperation during this redevelopment, which is estimated to be completed by April 2018.

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HYPROP'S STRONG INTERIMS PROMPT HIGHER FULL-YEAR GROWTH GUIDANCE

03 March 2017

JSE specialist shopping centre REIT, Hyprop, reported strong double-digit growth in distributions for the six months to December 2016 (the period) off the back of a solid performance from the South African shopping centres, supported by the inclusion of distributable income from the newly-acquired South-Eastern European portfolio. Hyprop declared a dividend of 347,3 cents per share for the period, 16,6% up on the corresponding period in 2015.

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