Impact of Covid-19 still felt but Hyprop makes very good progress implementing revised strategy

Monday, 1 March 2021. Hyprop, the retail-focused REIT with a R45.4 billion portfolio of shopping centres in South Africa, Eastern Europe and sub-Saharan Africa, improved its distributable income by 18% in the six months to 31 December 2020 compared with the six months to 30 June 2020.

Hyprop concludes agreements to dispose of Atterbury Value Mart

Monday, 8 February 2021. Hyprop, a South African listed retail-focused REIT, today announced that it has successfully concluded agreements to dispose of Atterbury Value Mart for an aggregate consideration of R1.12 billion; 4,6% below the current market valuation. The Company has reached agreements with three private parties who will each acquire a one-third undivided share in the property.

Hyprop launches free, high-speed Wi-Fi across local portfolio

Tuesday, 8 December 2020. In its quest to embrace the shift towards online retail, adapting to changes in shopper behaviour and the ongoing repositioning of the company’s local assets, Hyprop is launching high-speed carrier-grade Wi-Fi in all nine properties this week.

Hyprop embraces several projects to embrace changing retail trends

Hyprop, South Africa’s largest listed retail-focused REIT, with interests in malls in Africa and Eastern Europe, reported in a pre-close statement ahead of its 31 December 2020 interim closed period that most of its key trading metrics in South Africa have improved since it reported on its 30 June 2020 year-end.

Hyprop disposes of Ikeja City Mall

Monday, 9 November 2020. Hyprop Investments ('Hyprop') has successfully concluded an agreement for the sale of Ikeja City Mall ('Ikeja'), a retail shopping centre situated in Lagos, Nigeria at the 30 June 2020 carrying value. Ikeja is owned by Hyprop (75%) and Attacq Limited (25%). The agreement was concluded with two new property funds that form part of the Actis Group and is still conditional on a number of conditions.

HYPROP RISES ABOVE COVID-19 CHALLENGES

Constructive progress with the implementation of the revised strategy

Starbucks opens its first Western Cape store in Canal Walk

Starbucks is expanding its South African footprint through the opening of its first Western Cape store in the prestigious Canal Walk shopping centre.

Canal Walk voted the Coolest Shopping Mall in the Western Cape

Monday, 24 August 2020. Canal Walk was voted as one of the coolest shopping malls in South Africa at the Sunday Times’s annual Gen Next Awards for 2020. The Sunday Times Gen Next survey has established itself as the leading barometer of what South African youths find on-trend and aspirational, and delivers insights that are valued by brand managers, advertising, and marketing professionals.

Canal Walk awarded prestigious 5-Star Green Star Existing Building Performance (EBP) v1 Rating

In August 2020, the Green Building Council of South Africa (GBCSA) awarded Canal Walk, co-owned by Hyprop Investments Limited and Ellerine Bros,  a 5-Star Green Star EBP v1 Rating. Canal Walk is the first Super Regional shopping centre in South Africa to be awarded a 5-star rating by the Green Building Council, attesting to the fact that the operations and management of Canal Walk are efficient and maintain optimal performance.

HYPROP EXPANDS ITS NATIONAL SOLAR PROJECT

The carbon footprint of Hyprop is set to decrease further with the landlord expanding its solar project across 70% of its South African portfolio.

Update Regarding COVID-19, Withdrawal of Guidance And Update Regarding Edcon Limited

Hyprop respects and supports the actions taken by the governments in the countries where we operate to mitigate the spread of Covid-19. Our top priority is to protect the health, safety, and well-being of our tenants, customers and all personnel.

Hyprop bolsters Rosebank Mall offering through securing the Checkers Premium FreshX concept

Shoppers at Rosebank Mall in Johannesburg can look forward to a world-class supermarket in the fourth quarter of this year when Checkers will open the doors to one of its high-end stores in the ground floor space recently vacated by Edgars.

Hyprop makes good progress in implementing its new strategy

Thursday, 28 February 2020. Hyprop, a retail-focused REIT listed on the JSE, today reported interim results that demonstrates progress in implementing the Company’s new strategy. As a result, trading density of the South African portfolio increased by 0.6% for the six months ended 31 December 2019 and 1.4% over the past twelve months, while the trading density of the Eastern European portfolio increased by an average of 3% over the reporting period.

Morné Wilken interview with CNBC Africa

Hyprop revises Strategy for Long-term Gains

5 September 2019 - Against the backdrop of a deteriorating global economy, JSE retail specialist REIT – Hyprop - achieved higher distributable income in both its South Africa (SA) and Eastern Europe portfolios for the year to June 2019.  The new executive team launched its overhauled business strategy for the R46 billion group portfolio, with the key focus in SA on repositioning Hyprop’s malls for ‘relevance’ and in Eastern Europe further improving mall dominance, in line with a rapidly changing retail and trading landscape. Distributions to shareholders declined by 1.5% for the year due mainly to the underperformance of the sub-Saharan Africa portfolio (SSA), which Hyprop has begun exiting.

Flagship iStore open at Canal Walk Shopping Centre

26 August 2019 - Hyprop is proud to announce that Canal Walk is now home to the largest iStore in Africa. The first and only concept store of its kind on the African continent opened its doors on 10 August.  Hyprop has five iStores in South Africa situated at Woodlands, Clearwater, Somerset Mall and The Glen.

Hyprop takes next strategic step in reducing exposure to Sub-Saharan Africa

5 August 2019 – JSE specialist shopping centre REIT, Hyprop, today announced the sale of Manda Hill Shopping Centre located in Lusaka, Zambia. The 42 000m² mall, owned 50% by Hyprop Investments (Mauritius) Limited and 50% by AttAfrica Limited, was sold at the December 2018 carrying value. The disposal is in line with Hyprop’s strategy communicated to the market at interims in March this year, where it stated its intention to reduce its exposure to sub-Saharan Africa excluding South Africa (“SSA”) to focus its attention and capital on its South African and Eastern European (“EE”) businesses. 

HYPROP REDUCES EXPOSURE TO AFRICA AND PROVIDES PRE-CLOSE UPDATE

[28 June 2019] – JSE specialist shopping centre REIT, Hyprop, today announced progress on its strategy communicated to the market in March this year, where it stated its intention to reduce its exposure to sub-Saharan Africa excluding South Africa (“SSA”) to focus its attention and capital on its South African and Eastern European businesses.  AttAfrica - in which Hyprop owns a 37.5% equity stake - has disposed of its interests in Achimota Retail Centre in Ghana for an undisclosed sum.

Hyprop's The Mall of Sofia 12 000m² extension complete

Hystead Limited, which is 60% owned by Hyprop Limited, has successfully completed the 12 000m² extension to The Mall of Sofia, Bulgaria. In line with Hyprop’s strategy to own shopping centres that dominate in terms of size, The extension will add 40 new stores, an increase from 182 to 222, making it the second largest shopping centre in Bulgaria at 62 000m².

HYPROP TO SPEND R57 MILLION ON MALLS TO IMPROVE THE ENTERTAINMENT OFFERING

[ 9 April 2019] - JSE specialist shopping centre REIT, Hyprop, will continue to invest in ongoing organic growth through further development of its local centres in order to capitalise on global retail and consumer trends.  The lion’s share of the group’s estimated capital expenditure for FY2019 will go to Canal Walk in the Western Cape, where, seizing the opportunity to sail the rising international “foodie” wave, Hyprop will spend c.R58 million to revamp the food court and its outside areas.  The development will also allow for the inclusion of a new attraction -The Ratanga Family Entertainment Centre – which will revive certain of the former successful Ratanga Junction amusement exhibits while in addition introducing new world-class rides.  Prior to the development, Hyprop’s local portfolio is valued at R29.3 billion (December 2018).

Hyprop raises R4 billion in three months

JSE specialist shopping centre REIT, Hyprop, has successfully refinanced/raised R4 billion in only three months since December 2018, effectively addressing the concern of Moody’s investor Services Inc. (Moody’s) that the group may be challenged to refinance its R5 billion of debt falling due in the next 18 months. Moody’s cited the concern in support of its decisions, in February 2019, to downgrade Hyprop’s credit and issuer rating.

Hyprop weathers local headwinds and scoops European wins

1 March 2019 - JSE specialist shopping centre REIT, Hyprop, grew distributable income 6% on this time last year, resulting in 2.5% dividend growth for the six months to December 2018 (the period). Excluding the poorly performing sub-Saharan Africa portfolio, dividend growth was 6,6%, in line with Hyprop’s prior guidance. The group successfully weathered the local headwinds to deliver 8,8% growth in distributable income from the South African portfolio, and achieved critical mass in the high-performing SEE portfolio which produced double that growth. 

HYPROP MAINTAINS GROWTH AGAINST TOUGH MACRO BACKDROP

JSE specialist shopping centre REIT, Hyprop, continued delivering strong growth in a tough economy with a total dividend per share of 756,5 cents for the year to June 2018, which was 8,8% higher than last year. Against the backdrop of a pressured consumer environment, distributable earnings increased substantially by 10,5%, in large part due to strong organic growth and successful acquisitions in the South East-European portfolio - accounting for 12% of total distributable earnings - and the improvement in the second six months of the South African portfolio.

ACCELERATED BOOKBUILD

The equity raise will be implemented through an accelerated bookbuild process (the “Bookbuild”) and proceeds raised will be used principally to repay debt. The Bookbuild is now open and the Company reserves the right to close it at any time hereafter.

HYPROP CAPITAL RAISE 2.4 TIMES OVERSUBSCRIBED

JSE specialist shopping centre REIT, Hyprop, today announced the results of a successful bookbuild which was 2.4 times oversubscribed, raising R782.6 million. In light of strong demand, the bookbuild was increased to 7 453 238 shares, priced at ZAR105.00 per share, representing a 4.9% discount to the 30 business day VWAP.

Moody's Adjusts Hyprop Investments Limited Credit Rating

Noteholders are advised of Moody’s Investor Services (“Moody’s”) rating actions on 11 South African corporates including Hyprop Investments Limited, which were driven by Moody’s decision to confirm South Africa’s government issuer rating at Baa3 with a stable outlook on 23 March 2018.

New Financial Instrument Listing Announcement: HILB08 & HILB09

The JSE Limited has granted a listing to Hyprop Investments Limited of the following Senior Unsecured Notes under its Domestic Medium Term Note Programme.

HYPROP HOLDS STEADY WITH SOLID INTERIM GROWTH

JSE specialist shopping centre REIT, Hyprop, today reported solid growth in distributions of 8,3% for the six months to December 2017 (the period), driven by a stable performance from the South African shopping centres and a strengthening South-Eastern European portfolio.  Prior-year acquisitions in South-Eastern Europe proved successful with the acquisition trail continuing post period-end. Hyprop declared a dividend of 376,3 cents per share for the period (Dec 2016: 347,3 cents).

Retail centre owner Hystead to receive €164 million in loans

The EBRD and IFC, a member of the World Bank Group, are boosting the retail sector in Serbia, Montenegro and FYR Macedonia with €164 million in loans to the investment firm Hystead.

HYPROP ACQUIRES INTEREST IN TWO CROATIAN MALLS

Hystead Limited (Hystead), a UK company co-owned by Hyprop Investments Limited (Hyprop) and PDI Investment Holdings Limited (PDI), today announced that it has acquired a 90% interest in two Croatian shopping centres. The purchase consideration net of EUR154.4 million asset-based finance is EUR129.1 million, of which Hyprop’s effective share is approximately EUR77.5 million, or R1.12 billion. The two malls, namely City Center one Zagreb West and City Center one Zagreb East, are located in Zagreb, the capital of Croatia. The transaction is conditional upon approval of the Croatian competition authority and is expected to close at the end of March 2018.

Hyprop 2017 Integrated Annual Report, Consolidated Financial Statements and the Notice of Annual General Meeting released

We are pleased to advise you that the 2017 Integrated Annual Report, Consolidated Financial Statements and  the Notice of Annual General Meeting are available on our company website (www.hyprop.co.za) and (http://www.hyprop.co.za/reports/ar_2017/index.php).

Nu Metro Woodlands

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.” 

HYPROP SHOWS STRONG DIVIDEND GROWTH IN TOUGH ECONOMY

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. 

Acquisition of flagship shopping centre in Sofia, Bulgaria

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.

H&M TO OPEN FLAGSHIP STORE IN CANAL WALK

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.

ADDITIONAL SOLAR PV ADDED TO CLEARWATER MALL

Hyprop Investment Limited’s Gauteng-based regional shopping centre, Clearwater Mall, has added additional solar photovoltaic (PV) to their roof.

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

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.

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

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.

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

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.

HYPROP ACQUIRES INTEREST IN SKOPJE CITY MALL

Hystead Limited (Hystead), a UK company co-owned by Hyprop Investments Limited (Hyprop) and PDI Investment Holdings Limited (PDI), today announced that it has acquired the Macedonian mall, Skopje City Mall, purchased from Balfin Finance BV, Amsterdam. The total purchase consideration is EUR 92 million.

PROVEN QUALITY LEADS TO CONSISTENT GROWTH FOR HYPROP

HIGHLIGHTS

MOODY'S ISSUES UPDATED CREDIT OPINION FOR HYPROP

Update to Discussion of Key Credit Factors

Hyprop Investments Limited's (Hyprop) Baa3/Aa3.za long term issuer ratings are supported by the high quality retail portfolio, which benefits from active management producing solid, recurring retail income, supported by low vacancies (1.5% as of 31 December 2015) and well positioned retail assets.
(Read full report here)

Moody's Recalibrates South Africa's National Rating Scale and Repositions National Scale Ratings of Non-Financial Corporates

Hyprop Debt Capital Market  investors are advised of Moody’s Investor Services (“Moody’s”) recent decision to  recalibrate the National Scale Rating (“NSR’s”) of 17 South African  non-Financial corporates in conjunction with the recalibration of the South  African national rating scale.

Hyprop welcomes the first Starbucks in sub-Saharan Africa

Global coffee conglomerate, Starbucks entered the South African market today with its first flagship store, located in Hyprop’s head office building, on the corner of Cradock and Tyrwhitt Avenues, next to Hyprop’s Rosebank Mall. 

HYPROP'S DISTRIBUTION GROWTH OF 13.4% AHEAD OF EXPECTATIONS

HIGHLIGHTS

HYPROP ACQUIRES 60% INTEREST IN TWO SOUTH-EASTERN EUROPEAN MALLS

JOHANNESBURG, Gauteng, 9 February 2016

Hyprop Investments Limited (Hyprop), the specialist shopping centre REIT (Real Estate Investment Trust) today announced that it has acquired a 60% interest in Serbian mall, Delta City Belgrade purchased from Delta Real Estate Group (Delta), a private Serbian company  and Montenegrin mall, Delta City Podgorica, purchased from Hemslade Trading Limited Cyprus (Hemslade) and Delta. Homestead Group Holdings Limited (Homestead), a company associated with Louis Norval, a non-executive director of Hyprop, has acquired the remaining 40% in both malls.

The Grande Dame of South African retail, Hyde Park Corner, offers even more for the luxury-conscious consumer this festive season.

Driven by a dynamic tenant mix of exclusive global and local brands Hyprop's Hyde Park Corner is the definitive destination centre for style-conscious, boutique shoppers wishing to access the very best in luxury; be it conventional goods, or merchandise which follows more eclectic fashion and lifestyle trends. Hyprop Regional Executive, Nicole Greenstone says that “the centre has seen brand launches and store upgrades in 2015, which further reinforces Hyde Park Corner's position as the luxury shopping destination of choice.”

Actis, RMB Westport and Paragon sell Nigeria's Ikeja City Mall to Hyprop and Attacq

London, South Africa (17 November 2015): Actis, a leading emerging markets investor, RMB Westport, a notable sub-Saharan Africa real estate investment management and development group and Paragon Holdings, a leading Nigerian investor group today confirm the sale of Ikeja City Mall to South African Real Estate Investment Trust (REIT), Hyprop Investments Limited (Hyprop) and Attacq Limited (Attacq), a JSE-listed real estate capital growth fund.

Hyprop 2015 Integrated report and AGM notice released

We are pleased to advise you that the 2015 Integrated Annual Report and Notice of Annual General Meeting are available on our company website (www.hyprop.co.za) and (http://www.hyprop.co.za/reports/ar_2015/index.php).

CLEARWATER MALL - AFRICA'S LARGEST ROOFTOP SOLAR PV SYSTEM

Hyprop Investment Limited’s Gauteng-based regional shopping centre, Clearwater Mall, has tripled the generation output of its solar photovoltaic (PV) plant and now boasts Africa’s largest rooftop Solar PV system.

HYPROP ANNUAL RESULTS FOR THE YEAR ENDED 30 JUNE 2015

Hyprop today announced results for the year ended 30 June 2015, reflecting strong growth with an exceptional 15% increase in total distributions for the year to 543 cents per share.

EXCEPTIONAL RETURNS FOR HYPROP SHAREHOLDERS

Leading JSE shopping centre REIT, Hyprop, has continued its formidable track record of strong returns with an exceptional 15% increase in total distributions for the year to 543 cents a share. Shareholders will be paid a dividend of 280,3 cents per share for the second half of the year, an increase of 16,3% on the prior corresponding period. Hyprop’s strategy again proved its resilience with a focus on owning quality shopping centres for middle-to-higher income, consumers delivering a robust performance despite the sluggish economy.

STOP HUNGER NOW AND HYPROP'S CANAL WALK COMBINE FORCES TO FEED NEEDY CHILDREN

Friday 17 July saw the Canal Walk Food Court transformed into multiple packing stations for Stop Hunger Now’s “a million meals challenge” for Mandela Day. The Hyprop Foundation was the anchor sponsor for the Cape Town event, where over 5000 corporate volunteers spent 67 minutes packing meals.

HYPROP CONTINUES SUSTAINABLE DISTRIBUTION GROWTH

Reporting healthy growth in returns, Hyprop Investments Limited ("Hyprop") (JSE: HYP) today announced an interim dividend of 262.7 cents per share for the six months to December 2014, up 13.7% on December 2013. Distribution growth was driven by a strong performance across the Hyprop portfolio. p>

HYPROP DEBUTS ON THE JSE'S SRI INDEX

Hyprop Investment Limited has been included for the first time on the JSE's SRI Index reflecting its commitment to environmental, social and governance practices. As one of 82 companies listed on the SRI in 2014, Hyprop is among the most sustainable companies in South Africa. Today the group marked another milestone in this regard with the launch of a 500kWp solar photovoltaic plant at Hyprop’s Clearwater Mall.

CLEARWATER MALL GOES GREEN WITH SOLAR ENERGY

Energy efficiency at Hyprop’s Clearwater Mall is set to rise with the installation of a 500kWp solar photovoltaic plant (“PV”) which went operational last week.

Posting of notice of Annual General meeting

Hyprop dispatched the notice of annual general meeting to shareholders today, Friday, 24 October 2014.  However, due to the ongoing postal strike, delays are expected in receiving the notice.  Accordingly, shareholders are encouraged to view the notice here http://www.hyprop.co.za/reports/ar_2014/pdf/agm-full.pdf or request a copy directly from the company.

Hyprop 2014 Integrated report released

The past financial year was a year of opportunity for Hyprop. It was a landmark year in terms of corporate activity and we delivered a strong financial performance. Hyprop’s integrated report for the year ended 2014 is available online. Read more about our integrated performance here.

HYPROP CONCLUDES ROSEBANK MALL REDEVELOPMENT WITH WOOLIES OPENING

Today’s opening of Woolworths at Rosebank Mall marks the conclusion of Hyprop’s R930 million redevelopment of the mall.

FIRST FOREVER21 STORE OPENS IN CANAL WALK

Trendy US youth fashion brand, Forever21, will open its first store on the African continent on Saturday 13 September 2014 in Hyprop’s leading super-regional mall, Canal Walk.

HYPROP EXCEEDS GUIDANCE WITH CONTINUED SOLID DISTRIBUTION GROWTH

Hyprop Investments Limited ("Hyprop") (JSE: HYP) today announced a distribution of 472 cents per combined unit for the year to June 2014 ("the year"), up 11,3% on FY2013 and ahead of guidance previously provided by the company.

HYPROP & ATTACQ ADVANCE AFRICAN STRATEGY WITH AFRICAN LAND RESTRUCTURE

Hyprop today announced that together with Attacq Limited ("Attacq") they have restructured their investment in African Land Investments ("African Land"), whereby Hyprop, through its wholly-owned subsidiary, Hyprop Mauritius, will hold 50% in Manda Hill, African Land's only asset. Atterbury Africa, a joint venture between Hyprop, Attacq and the Atterbury Group, will hold the balance.  Hyprop originally acquired 87% of African Land for R768 million and Attacq 12.4% for R110 million in December 2013.

Read more on the restructure as well as an update on the African portfolio. 

HYDE PARK CORNER INTRODUCES EXCLUSIVE GLOBAL BRANDS

Hyprop's Hyde Park Corner is set to welcome a number of leading international brands in November 2014, including preeminent fashion brands which have chosen to launch their South African presence in the Johannesburg-based centre. These include high-end Italian couture house Versace (129m²), French leather goods and accessories group Longchamp (108m²) and country living inspired UK fashion label Jigsaw (135m²).

HYPROP SCOOPS IAS REPORTING AWARD

As announced last night, Hyprop has been awarded the Investment Analysts Society (IAS) award for 'Best Presentation to the Society in 2013/2014 – companies with market capitalisation between R5-R30 billion'.

HYPROP DELIVERS A STRONG FIRST HALF TO DECEMBER 2013

Continuing its trend of sustainable distribution growth, Hyprop Investments Limited ("Hyprop") (JSE: HYP) today announced an interim distribution of 231 cents per unit for the six months to December 2013, up 9,5% on the corresponding period in 2012.

FOREVER 21 TO OPEN FIRST AFRICAN STORE IN CANAL WALK

Affordable US fashion brand, Forever 21 is set to open its first store on the African continent in Hyprop’s Canal Walk. The 1 400m² store will open mid-year.

HYPROP LAUNCHES WIFI ACROSS THE SHOPPING CENTRE PORTFOLIO

Hyprop is pleased to announce the launch of high-speed WiFi at its shopping centres in partnership with MWEB.  The initiative was launched at Canal Walk in Cape Town last week and will be rolled out across the shopping centre portfolio during the course of 2014.

HYPROP ACQUIRES 87% IN AFRICAN LAND INVESTMENTS

Johannesburg, 27 November 2013: Hyprop Investments Limited ("Hyprop") today announced that it reached agreement with African Land Investments  ("African Land") to acquire 87%  of the issued shares in African Land for a consideration of R768 million.  Attacq Limited ("Attacq") will acquire 12.4% of the issued shares for a consideration of R110 million. Kevin Teeroovengadum, the CEO of African Land, will own 500,000 shares.  As a result, African Land will not proceed with its proposed listing on the JSE or LuSE.

NOTICE OF combined ANNUAL GENERAL MEETING OF SHAREHOLDERS AND DEBENTURE HOLDERS

HYPROP SUCCESSFULLY ISSUES R450 MILLION UNSECURED 6-YEAR BOND

Hyprop is excited to announce the opening of several leading international brands across its portfolio.

LEADING INTERNATIONAL BRANDS FOR HYPROP

Hyprop is excited to announce the opening of several leading international brands across its portfolio.

HYPROP POSTS STRONG DISTRIBUTION GROWTH FOR THE SIX MONTHS TO JUNE 2013

Hyprop posts strong distribution growth for the six months to June 2013

HIGHLIGHTS

• Acquisition of Somerset Mall approved
• Redevelopment of Rosebank Mall on track
• First dividend from Atterbury Africa
• Conversion to a REIT

JOHANNESBURG.  29 August 2013, Hyprop Investments Limited (“Hyprop”) (JSE: HYP) today announced a strong set of results with distributions up 7,6% to 213 cents a unit.  The performance was underpinned by positive rental growth, reduction in interest costs and improved operating efficiencies.

HYPROP'S 2012 INTEGRATED REPORT NOW AVAILABLE

HYPROP YEAR-END TO CHANGE TO JUNE

In order to facilitate Hyprop's conversion to a Real Estate Investment Trust (REIT), Hyprop's financial year-end will change from 31 December to 30 June, effective 30 June 2013.

PRESS STATEMENT: ROSEBANK SUNDAY ROOFTOP MARKET RELOCATION

Hyprop has been and remains involved in litigation with B&B Market Rooftops (Pty) Ltd (“B&B”) regarding the relocation of the Sunday Rooftop Market at Rosebank Mall (“the Mall”).  As a result, Hyprop has previously elected not to publicise certain material facts surrounding this matter.  However, recent public misrepresentations have necessitated a response with factual clarification set out below:

HYPROP REDUCES FUNDING COSTS WITH RESTRUCTURED DEBT

Hyprop today announced a favourable restructuring of its debt facilities, with the conversion of R648 million in conventional bank loans into debt capital market (“DCM”) funding.

HYPROP REDUCES FUNDING COSTS WITH RESTRUCTURED DEBT

Hyprop today announced a favourable restructuring of its debt facilities, with the conversion of R648 million in conventional bank loans into debt capital market (“DCM”) funding.

HYPROP EXITS SYCOM WITH R2,3 BILLION ACQUISITION OF SOMERSET MALL

Leading JSE shopping centre fund, Hyprop today announced its R2,3 billion acquisition of Somerset Mall from Sycom Property Fund (“Sycom”), in line with strategy to invest in sizeable quality shopping centres.The purchase consideration is being settled by the transfer of 81 500 000 Sycom units to Sycom, which will clear the way for Hyprop to exit its investment in Sycom.

HYPROP’S DISTRIBUTION GROWTH CONTINUES

Leading JSE shopping centre fund,  Hyprop, reported distributions up 6,8% to 409 cents a unit for the year to December 2012, buoyed by positive rental growth  and increased trading density particularly at its large shopping centres. Total return to unitholders was 44,8% supported by a 37% growth in market capitalisation to R17,7 billion. During the year Hyprop successfully launched its investment into Africa and kicked-off the R920 million redevelopment of Rosebank Mall.

CANAL WALK OUTPERFORMS SA'S SUPER-REGIONAL SHOPPING CENTRE BENCHMARKS

Canal Walk shopping centre remains one of the most sought-after business locations – for both retail and offices - in South Africa.

HYPROP LAUNCHES R920 MILLION REDEVELOPMENT OF ROSEBANK MALL

ENLARGED HYPROP CONTINUES SUSTAINABLE DISTRIBUTION GROWTH

Premier listed shopping centre fundHyprop boosted total distribution by 7,3% to 383 cents for the year ended 31 December 2011 with distribution growth for the second half of the year up 10,4%. The Attfund Retail acquisition, effective 1 September 2011, saw the portfolio increase by 76%in total assets to R20,2 billion with market capitalisation up 37% to R12,9 billion.

HIGH QUALITY PORTFOLIO BOOSTS HYPROP'S GROWTH

Hyprophas posted commendable resultsfor the six months to June 2011withdistributions for the interim periodup4% to 181 cents per unit and a 9,7% rise in net income from shopping centres.Hyprop is soon to become entrenched as South Africa’s premier listed shopping centre fund when it acquires Attfund Retail on 1 September.The R9 billion acquisition is set to almost doubleHyprop’s asset base to aroundR20 billion and boost market capitalisation to just under R14 billion.

DISPOSAL OF CENTURION MALL FOR R750 MILLION

Hyprop today announced the disposal to Fountainhead Property Trust of Attfund Retail's 25% undivided share in Centurion Mall for R751,5 million. Fountainhead currently owns the remaining 75% undivided share in Centurion Mall.

THE GRACE CLOSURE

Hyprop regretfully announces the termination of its lease agreement with The Grace Hotel (Pty) Ltd and the closure of The Grace Hotel, situated at 54 Bath Avenue Rosebank, as operated by African Sun Hotels.

AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2010

Delivering a total return on investment of 32% and a distribution of 357 cents per combined unit, Hyprop maintained its performance for the year ended 31 December 2010 despite challenging retail conditions. At the end of the year Hyprop announced the proposed acquisition of Attfund Retail, which is set to create SA’s premier retail fund and almost double Hyprop’s asset base to around R20 billion from R11,5 billion at year-end.

HYPROP APPOINTS PIETER PRINSLOO AS CEO

Leading retail property fund Hyprop Investments today announced the imminent appointment of Pieter Prinsloo as CEO. Prinsloo is a former CEO of Hyprop who resigned in 2009 to take up a position as managing director of a private property development company. This follows the announcement on Tuesday last week of Mike Rodel’s resignation from the Board. Prinsloo’s appointment is effective 1 May 2011.

HYPROP TO BUY ATTFUND RETAIL ASSETS FOR UP TO R9 BILLION

Leading JSE retail property fund, Hyprop, today announced the acquisition of its unlisted counterpart Attfund Retail for up to R9 billion. The merger of South Africa’s leading listed and private retail property portfolios is set to create the premier retail fund in the country. Almost doubling Hyprop’s asset base to around R20 billion, the acquisition will add Clearwater Mall, Woodlands Boulevard, Cape Gate Retail Precinct and Centurion Mall (25% undivided share) to Hyprop’s premium shopping centres. Importantly the move will enable Hyprop to retain its dedicated focus on retail with a quality asset base. Hyprop’s market capitalisation will leap to approximately R15 billion on conclusion of the acquisition.

HYPROP’’S EXPANDED PORTFOLIO UNDERPINS DISTRIBUTION GROWTH

Leading listed retail fund Hyprop Investments remained on a steady growth path with an 8,1% increase in interim distribution to unitholders for the six months ended 30 June 2010 and a total return of 13%. Reaping the benefits of expansions at Canal Walk and The Glen total asset value increased to R11 billion.

HYPROP’’S QUALITY PORTFOLIO DELIVERS IN TOUGH TIMES

The JSE’s top retail property fund - Hyprop Investments - continued to deliver growth in distributions for the six months to June 2009 despite a recessionary climate. Hyprop returned to unitholders 161 cents a unit for the period, a 7,3% increase on June 2008. The company’s quality shopping centres successfully demonstrated their defensive qualities under tough trading conditions to prove the portfolio’s resilience in a downcycle. Further, the R662 million expansion programme continued on track for completion by year-end and saw new retail space significantly let, which should boost earnings from 2010.

REDEFINE CONSULTANCY AGREEMENT TERMINATION

As announced on SENS today Hyprop has given three months notice of termination of its existing consultancy agreement with Redefine Properties Limited (“Redefine”) following the recent resignation of Wolf Cesman as joint CEO of Redefine. Hyprop CEO Mike Rodel says: “Hyprop has benefited significantly over the last decade from the joint contributions of Cesman and Marc Wainer. However the consultancy agreement was initially entered into on the premise that both Cesman and Wainer would provide an ongoing combined contribution.” The agreement was entered into on 27 October 2009 for an initial period of 18 months at a fixed fee of R1,5 million per month, with effect from January 2010.

HYPROP CONTINUES TO DELIVER STEADY DISTRIBUTIONS GROWTH

Major JSE retail property fund Hyprop Investments again demonstrated the resilience of its shopping centre portfolio with 6.5% growth in distributions to unitholders, totalling 328 cents a unit, for the year to December 2009. Countering tough economic conditions Hyprop successfully completed its R633 million expansion plan that saw all new stores in Canal Walk and The Glen Shopping Centre opened for trade, and the opening of the Southern Sun Hyde Park Hotel atop the centre’s parkade. The group also began preparing for its 2010 revitalisation of the Mall of Rosebank through strategic land acquisitions in close proximity to the centre.

HYPROP’’S QUALITY PORTFOLIO DELIVERS IN TOUGH TIMES

The JSE’s top retail property fund - Hyprop Investments - continued to deliver growth in distributions for the six months to June 2009 despite a recessionary climate. Hyprop returned to unitholders 161 cents a unit for the period, a 7,3% increase on June 2008. The company’s quality shopping centres successfully demonstrated their defensive qualities under tough trading conditions to prove the portfolio’s resilience in a downcycle. Further, the R662 million expansion programme continued on track for completion by year-end and saw new retail space significantly let, which should boost earnings from 2010.

HYPROP MAKES MULTI MILLION RAND INVESTMENT IN ROSEBANK TO COMPLEMENT MALL

Leading JSE retail property fund Hyprop Investments (“Hyprop”) has recently invested approximately R150 million in the growth node of Rosebank to boost its existing retail asset in the area – the Mall of Rosebank (“the Mall”) - bringing its total investment in Rosebank to date to over R1.3 billion. The company recently acquired two commercial properties in close proximity to the Mall on Bath and Cradock Avenues. Completion of Rosebank’s Gautrain and Bus Rapid Transit (BRT) stations is expected to rejuvenate the node and revive the bustling commercial district.

HYPROP APPOINTS NEW CEO TO TAKE EXPANSION FORWARD

Leading listed retail property fund Hyprop Investments (“Hyprop”) today announced the appointment of Mike Rodel as CEO with effect from 1 August 2009. Rodel, a former Regional General Manager for Old Mutual Property Investments, will now oversee the completion of Hyprop’s R663 million expansion programme launched in 2008. The new developments remain well on schedule for completion later this year and are set to enhance Hyprop‟s portfolio of quality shopping centres with additional retail space, an improved tenant mix and increased parking facilities.

HYPROP MAINTAINS STRONG DISTRIBUTION GROWTH IN WEAK MARKET

JSE retail property fund Hyprop Investments has posted a 15,4% increase in distributions to 150 cents for the six months to June 2008, reflecting the defensive quality of its shopping centre assets in a depressed economy.

HYPROP"S THE GLEN SHOPPING CENTRE IN R370 MILLION EXPANSION

Brisk trade at The Glen Shopping Centre (“The Glen”), an asset in the portfolio of leading listed retail property fund Hyprop Investments (“Hyprop”), is driving an expansion project valued at R370 million. Planned extensions to the centre will increase the current 55 000m² by an additional 19 000m² of retail space and 1 100 new parking bays. Incorporating the malls to the new shops, driveways and ramps to the parking, the new multi storey concrete structure will be approximately 68 000 m². The project will further include measures to improve traffic flows accessing the centre. The Glen is 75.15% owned by Hyprop with the balance owned by Ellerine Bros..

HYPROP AND SOUTHERN SUN JOIN FORCES IN R180 MILLION HOTEL DEVELOPMENT

As part of its asset enhancing strategy, JSE retail property fund Hyprop Investments is planning an upmarket four-star hotel at Hyde Park Shopping Centre at a total cost of R180 million and an anticipated yield of 11,4%. The hotel will be developed together with Southern Sun who will manage it on opening, anticipated to be in June 2009.

HYPROP POSTS RECORD DISTRIBUTION GROWTH

JSE property fund Hyprop Investments today announced its fourteenth consecutive year of growth with a record increase in distributions of 20% for the twelve months to December 2007. The full annual distribution is 270 cents a unit. The final distribution of 140 cents for the six months June to December 2007 reflects an increase of 21,7%.

HYPROP BUYS 31,3% STAKE IN SYCOM FOR R1,24 BILLION

Leading listed retail property fund Hyprop Investments has expanded its investment portfolio with the acquisition of approximately 31,3% of listed property unit trust Sycom Property Fund (“Sycom”) for R1,24 billion. The acquisition will see Hyprop issue 21,7 million new units and increase its market capitalisation from R6,9 billion to R7,9 billion at the current trading price.

HYPROP CAPITALISES ON THRIVING RETAIL MARKET TO DECLARE ANOTHER STRONG DISTRIBUTION

An 11,7% increase in net income from its shopping centres helped Hyprop Investments deliver another set of strong interim results for the six months to June 2007. Hyprop has declared an interim distribution to unitholders of 130 cents per combined unit, up 18,2%. The fund’s portfolio boasts Canal Walk in the Western Cape, Gauteng-based Hyde Park, The Glen and The Rosebank Mall and Southcoast Mall in Kwazulu-Natal. Stoneridge Centre in Modderfontein is currently under construction and due for completion in October 2008.

THIRD CONSECUTIVE YEAR OF RECORD GROWTH FOR HYPROP

Leading listed retail property fund Hyprop Investments has again outperformed previous distribution growth with its record distribution to unitholders of 225 cents per combined unit for the year to December 2006, up 18,4%. This marks the fund’s third consecutive year of incremental growth in distributions. A significant increase in the value of its portfolio saw pre-tax net asset value per combined unit rise 34% to R39,63.

CANAL WALK UNDERTAKES R30 MILLION DEVELOPMENT FOR NEW MR PRICE HOME STORE

Canal Walk Shopping Centre has committed R30 million to develop new premises for what will be the largest Mr Price Home inside a regional shopping centre in South Africa at an expansive 3,500m2.

HYPROP TO SELL SA RETAIL UNITS TO PIC IN BILLION RAND DEAL

Leading listed retail property fund Hyprop Investments is set to dispose of its 46% stake in SA Retail Properties (“SA Retail”) to the Public Investment Corporation (“PIC”) for R1,135 billion, electing to exit the fellow property fund in a single cash transaction at a premium to the original acquisition cost. Hyprop initially acquired its stake in SA Retail at an average price of R9,43 a unit and will realise a surplus from the sale of over R100 million.

HYPROP ACTIONS BEE INTERNALLY AND WITH VUNANI PROPERTIES

Hyprop Investments and black-owned Vunani Properties have together boosted the portfolio of Vunani Property Investment Fund (VPIF) - their BEE partnership project – with the acquisition of a R67 million portfolio of properties from Standard Bank. In a continuing effort to improve black representation at board level in the company, Hyprop has at the same time appointed former Independent Electoral Commission official Khosi Sibisi as a non-executive director to further guide transformation.

HYPROP TO BREAK GROUND ON NEW CENTRE WHILE EXISTING PORTFOLIO EXPANDS

In line with its continued focus on prime retail property investment, Hyprop Investments is advancing the development of Stoneridge Centre in Greenstone Park, Modderfontein. The 50 000 m² lifestyle centre is strongly positioned in the rapidly growing Greenstone/Longmeadow commercial and residential node. At the same time the fund is planning refurbishments and extensions at a number of its existing shopping centres to drive further growth in its retail portfolio.

HYPROP"S INTERIMS SIGNIFY 13TH CONSECUTIVE YEAR OF GROWTH

Leading listed retail property fund, Hyprop Investments, signalled its thirteenth consecutive year of growth with a record 21% growth in distributions, giving unitholders 110 cents a unit for the six months to June 2006. A R477 million increase in the value of the property portfolio to R5,7 billion contributed to total assets under management of R6,8 billion.

HYPROP DISTRIBUTION GROWTH STILL ON THE RISE

Now in its thirteenth year of uninterrupted distribution growth, leading listed retail property fund, Hyprop Investments, earlier today indicated that the interim distribution for the six months to June 2006 would exceed the previous interim distribution by at least 20%. Interim earnings and headline earnings per share are expected to be between 30% and 40% higher.

CANAL WALK SHOPPING CENTRE ATTRACTS LEADING INTERNATIONAL RETAIL BRANDS

Canal Walk Shopping Centre, the super-regional shopping mall centrally located in Cape Town, continues to attract leading international retail brands and will become the location of the first-ever stand-alone South African Puma store.

HYPROP TOP PERFORMER IN 2005 IPD BENCHMARKING

For the second consecutive year leading listed retail property fund Hyprop Investments has been ranked as the top-performing fund in SA by Investment Property Databank (IPD) Benchmarking. Hyprop’s total return to combined unitholders for 2005 of 61% clearly outperformed the IPD benchmark for SA funds of 28,8%, leading to Hyprop’s further ranking as first in SA funds in total return over one, three and eight years.

HYPROP AND VUNANI CAPITAL IN TRANSFORMATION VENTURE TO PILOT NEW PROPERTY FUND

In a transformation initiative that enables leading listed retail property fund Hyprop Investments to contribute to enterprise and skills development in the property industry, Hyprop has joined Vunani Properties (“Vunani”), a subsidiary of black-owned financial services group Vunani Capital, to launch Vunani Property Investment Fund (“VPIF”). Black-owned Vunani will hold a 50,2% stake in VPIF while Hyprop will hold the remaining 49,8% interest.

HYPROP"S 12 YEARS OF CONSECUTIVE GROWTH CULMINATE IN RECORD ANNUAL RESULTS

12 years of uninterrupted growth culminated in record annual results for Hyprop Investments Limited for the year to December 2005, reinforcing its position as SA’s leading listed retail property fund. Hyprop posted its highest distribution growth of 16,6% to give unitholders 190 cents a unit and achieved a R1,4 billion leap in the property portfolio value to R5,2 billion, an historical best for the fund.

HYPROP INDICATES INTEREST IN ACQUIRING FURTHER UNITS IN SA RETAIL

Ratcheting up its stakeholding in rival SA Retail, leading listed retail property fund Hyprop Investments has indicated its interest in taking up a further 9,7 million linked units in SA Retail. With Hyprop currently holding 45% of SA Retail linked units, the additional units would take the fund to a 49% stake. Hyprop intends to pay an attractive R11 for each SA Retail linked unit, with an alternative invitation to swap every 2,7 linked units in SA Retail for one Hyprop combined unit.

HYPROP AND STANDARD BANK INNOVATE FUNDING STRUCTURE TO REDUCE FINANCE COSTS

Leading listed retail property fund Hyprop Investments has joined with Standard Bank to introduce an innovative capital market debt funding structure appropriately suited to listed property companies. The first of its kind in the listed property sector the structure offers significant savings on finance costs for Hyprop, which will in turn help drive future distributions growth.

RECORD DECEMBER TRADE DRIVES HYPROP’S RETAIL PORTFOLIO

The record number of patrons flooding Hyprop Investments Limited’s shopping centres during the 2005 festive season saw the fund’s retail portfolio continue to flourish, reinforcing Hyprop’s position as the leading retail property fund on the JSE. Flagship centre Canal Walk hosted more than 2,3 million patrons during December alone.

HYPROP DIVERSIFIES INTO LIFESTYLE RETAIL WITH NEW R450 MILLION DEVELOPMENT

Hyprop Investments Limited, the leading listed retail property fund boasting a national portfolio of regional shopping centres, has diversified its retail mall focus with the recent acquisition of 17 hectares of land from AECI division Heartland Properties, to develop a lifestyle retail centre. The 60 000m2 Greenstone Lifestyle Centre in Modderfontein east of Johannesburg will cost around R450 million to develop.

HYPROP CLOSES OFFER ON 44,4% OF SA RETAIL PROPERTIES

Leading listed retail property loan stock Hyprop Investments today announced the positive outcome of its offer to unitholders of rival fund SA Retail Properties, which closed on Friday 9 September 2005. A total of 37,8% of unitholders in SA Retail accepted the offer. This includes the prior acceptance of the offer by Redefine Income Fund which held 25% of SA Retail units. Adding to this the 6,6% of SA Retail units purchased by Hyprop on the open market prior to the offer, Hyprop now owns a significant 44,4% stake in SA Retail.

STRONG RESULTS AGAIN FROM HYPROP’S RETAIL PORTFOLIO

Property loan stock Hyprop Investments Limited is still leading the listed retail property funds with its strong retail portfolio driving a 17% increase in distributable earnings to 93 cents a unit for the six months to June 2005. Hyprop’s portfolio, focussed predominantly on regional shopping centres, is reaping the benefits of ongoing growth in rentals.

HYPROP WINS VOTE OF CONFIDENCE FROM UNITHOLDERS

More than 60% of Hyprop’s unitholders earlier today voted in favour of Hyprop’s takeover bid for rival property fund SA Retail, despite Marriot’s contention that Hyprop’s inability to secure a majority stake in SA Retail would cause unitholders to vote against its bid.

HYPROP ADJOURNS MEETINGS TO PROBE FURTHER WITH SA RETAIL UNITHOLDERS

In the interests of its unitholders, Hyprop Investments earlier today adjourned its general meetings called to vote on the company’s takeover bid for rival property fund SA Retail. The company agreed to postpone the meetings in order to canvass SA Retail unitholders about its prospects of securing a controlling interest in SA Retail, which Hyprop unitholders had indicated would influence their vote in respect of the takeover bid.

SA RETAIL UNITHOLDERS NOT IN FAVOUR OF DEAL WITH MARTPROP

Hyprop Investments, which on 31 March 2005 announced its intention to acquire the entire unitholding of SA Retail, said today that the majority of SA Retail unitholders has expressed opposition to SA Retail’s proposed transaction with Martprop announced on 30 March 2005.

HYPROP SET TO TRUMP MARTPROP WITH TAKE–OVER OF SA RETAIL

Leading property loan stock Hyprop Investments today announced its intention to acquire all of the linked units in listed property fund SA Retail Properties, putting paid to recent speculation about SA Retail’s future. Hyprop has notified SA Retail’s board of directors that it will offer one Hyprop unit for every 2,7 SA Retail units at an implied price of R8, 07 a unit - a 57 cents (7,6%) premium on the current trading price of around R7,50.

HYPROP”S DISTRIBUTION JUMPS BY AN EXCEPTIONAL 16,4%

Marking its 11th consecutive year of growth, property loan stock Hyprop Investments today beat market expectations with its total distribution to unitholders up by 16,4%. The distribution of 163 cents per unit outshone the forecast of 150,5 cents by 8%. An outstanding performance from the group’s retail portfolio helped to boost the total portfolio value to almost R4 billion, a leap of R924 million over last year.

HYPROP”S STRATEGIC DISPOSALS NET MORE THAN R90 MILLON FOR FUND

Hyprop Investments has disposed of office buildings in aggregate worth R93 million to a spread of parties, successfully furthering its core strategy of disposing of non-core commercial properties to focus on prime retail real estate.