Property Assets

Sub-Saharan Africa

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.

  Hyprop's
effective
shareholding
%
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
PROPERTY PORTFOLIO – SUB-SAHARAN AFRICA (EXCLUDING SA)

 

Ghana

Accra Mall

Well located on Spintex Road, Accra Mall is an enclosed, air-conditioned shopping centre. The mall houses international fashion brands and some South African retailers.

Achimota Retail Centre

West Hills Mall

Kumasi City Mall

Nigeria

Ikeja City Mall

Zambia

Manda Hill