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Hyprop Investments Limited
Integrated annual report 2016
4
GROUP PROFILE
Hyprop, Africa’s leading specialist
shopping centre Real Estate Investment
Trust (REIT), operates a portfolio of
shopping centres in major metropolitan
areas across South Africa, sub-Saharan
Africa and, more recently, South-Eastern
Europe.
Hyprop’s strategy is to own high-quality shopping centres in
emerging markets, where such assets can be acquired or
developed at attractive yields. Hyprop’s shopping centres
dominate in terms of average size, which attracts new concept
and flagship stores to make our centres the preferred locations
for local and international brands. The company structure
provides a sound foundation for the execution of our strategy,
with capable and experienced teams and a hands-on approach
enabling us to effectively manage our assets to achieve
ongoing income and capital growth.
The shopping centre portfolio in South Africa includes super
regional centre Canal Walk, large regional centres Clearwater
Mall, The Glen Shopping Centre, Woodlands Boulevard,
CapeGate Shopping Centre, Somerset and Rosebank malls,
and regional centre Hyde Park Corner.
The sub-Saharan Africa portfolio includes interests in Manda
Hill in Lusaka, Zambia; Accra Mall, Achimota Mall and West Hills
Mall (all in Accra, Ghana); and Ikeja City Mall in Lagos, Nigeria.
Construction is under way at Kumasi City Mall in Kumasi,
Ghana, due for completion in April 2017.
Earlier this year, Hyprop expanded into South-Eastern Europe
by acquiring a 60% interest in Delta City Belgrade, Serbia, and
Delta City Podgorica, Montenegro.
INVESTMENT PROFILE
Hyde Park Corner, Johannesburg, Gauteng
INVESTMENTS
2016
●
Core South African portfolio
(R26,5 billion)
●
Sub-Saharan Africa (excluding SA)
(R4,2 billion)
●
South-Eastern Europe (R2,0 billion)
●
Held-for-sale (R864 million)
●
Sold* (R365 million)
12%
6%
78%
3% 1%
DISTRIBUTABLE INCOME
2016
●
Core South African portfolio
(R1,3 billion)
●
Sub-Saharan Africa (excluding SA)
(R84 million)
●
South-Eastern Europe (R32 million)
●
Held-for-sale (R79 million)
●
Sold* (R33 million)
6%
5%
85%
2%
2%
*Post year-end