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HYPROP MAINTAINS GROWTH AGAINST TOUGH MACRO BACKDROP

31 August 2018

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.

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ACCELERATED BOOKBUILD

08 May 2018

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.

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HYPROP CAPITAL RAISE 2.4 TIMES OVERSUBSCRIBED

08 May 2018

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.

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Moody's Adjusts Hyprop Investments Limited Credit Rating

29 March 2018

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.

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HYPROP HOLDS STEADY WITH SOLID INTERIM GROWTH

02 March 2018

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).

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HYPROP ACQUIRES INTEREST IN TWO CROATIAN MALLS

21 February 2018

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.

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