We operate a portfolio of leading shopping centres in major metropolitan areas across South Africa, sub-Saharan Africa and South-Eastern Europe. The portfolio in South Africa includes super-regional centre Canal Walk, large regional centres Clearwater, The Glen, Woodlands Boulevard, CapeGate, Somerset and Rosebank malls, regional centre Hyde Park Corner and value centre Atterbury Value Mart.
The sub-Saharan African portfolio (excluding SA) includes interests in Accra Mall, West Hills Mall and Achimota Retail Centre (all in Accra, Ghana); Kumasi City Mall in Kumasi, Ghana; Manda Hill Centre in Lusaka, Zambia and Ikeja City Mall in Lagos, Nigeria.
Hyprop's investments in South-Eastern Europe, held via a 60% interest in UK-based Hystead, include Delta City Belgrade, Serbia; Delta City Podgorica, Montenegro; Skopje City Mall in Skopje, Macedonia; The Mall in Sofia, Bulgaria (acquired October 2017) and a 90% interest in City Center One East and City Center One West, both in Zagreb, Croatia (acquired in April 2018).
Our company structure, with in-house asset and property management, enables management to effectively execute the group strategy. Our capable teams employ a hands-on approach to managing assets for income and capital growth.
Hyprop's focus remains on investing in high-quality shopping centres, particularly centres that dominate their markets in primary cities.
Each shopping centre is distinguished by:
- Quality, size, dominance and location, catering for middle to higher-income consumers
- Mix of flagship national and international retail tenants
- Being the preferred shopping destination in high-density, metropolitan areas.
The three key business drivers are:
- Investing in South Africa and in Central and South-Eastern Europe
- Dominant, quality shopping centres in major metropolitan areas
- Asset management opportunities in our portfolio of 21 shopping centres across nine countries.
We aim to continuously optimise the quality of our existing portfolio through redevelopments and extensions. Redevelopments include extensive refurbishments to modernise shopping centres to meet evolving shopper and retailer needs. Extensions include tenant-driven enlargements of existing stores or the entry of new stores.
We target organic growth by enhancing the tenant mix and redeveloping existing shopping centres. We support this with a focus on appropriate rental levels and escalations, and control of tenant arrears and property expenses. Hyprop proactively identifies new retail and lifestyle trends to direct our growth potential and ensure that we retain and grow our loyal customer base across the portfolio.