In line with Hyprop’s strategy to be a dominant African shopping centre REIT, the company embarked on expanding into Sub-Saharan African strategy (excluding South Africa). The focus is to either acquire existing, high-quality shopping centres in large metropolitan cities in Africa, or develop new shopping centres.
Our investment in Sub-Saharan Africa (excluding South Africa) includes Accra Mall (Ghana), West Hills Mall (Ghana), Manda Hill (Zambia), Achimoto Centre (Ghana) and Ikeja City Mall (Nigeria).
- The 27,923 m² West Hills Mall in Accra Ghana, opened in November 2014.
- The 15,006 m² Achimoto Centre (Ghana) opened in October 2015.
- The 22,349m² Ikeja City Mall in Lagos (Nigeria) purchase was announced in November 2015
- Kumasi City Mall in Kumasi (Ghana) will be completed in 2017.
Approved funds for investment in sub-Saharan Africa (excluding SA) total R5 billion (this includes amounts invested to date). Investment opportunities in other sub-Saharan countries (including Kenya) are being considered.
|Accra Mall (Accra, Ghana)||17,6|
|West Hills Mall (Accra, Ghana)||16,8|
|Manda Hill (Lusaka, Zambia)||68,8|
|Achimota Mall (Accra, Ghana)||28,1|
|Ikeja City Mall (Lagos, Nigeria)||75,0|
|Kumasi City Mall (Kumasi, Ghana)||28,1|