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Hyprop Investments Limited
Group annual financial statements 2016
5.
Joint operations
Canal Walk (80%) and The Glen (75,15%) are classified as joint operations. The group recognises its share of the assets and liabilities and income
and expenses. Canal Walk and The Glen are co-owned with Ellerine Bros Proprietary Limited (Ellerine Bros).
In terms of the co-ownership agreements, Canal Walk and The Glen are jointly controlled by Hyprop and Ellerine Bros.
6.
Investment in joint ventures
Proportion of ownership interest and
voting power held by the group
Name of joint venture
Principal activity
Place of
incorporation
and operation
June 2016
June 2015
AttAfrica Limited (AttAfrica)
Investing in indirect development or
income producing property investments
in sub-Saharan Africa (excluding SA)
Mauritius
37,5%
37,5%
Manda Hill Mauritius Limited
(Manda Hill Mauritius)
Property investment company
Mauritius
50%
50%
Hystead Limited (Hystead)
Investing in income producing
property investments in South-Eastern
Europe
United Kingdom
60%