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Hyprop Investments Limited
Integrated annual report 2016
Manufactured capital
continued
Sub-Saharan Africa (SSA)
Distributable earnings
from SSA increased by
97,4%
to R83,7 million
Share of distributable
income for South-
Eastern Europe
R31,9 million
**
Delta City malls
(Serbia
and
Montenegro)
fully let
South-Eastern Europe
Upgrades and extensions (South African portfolio)
R37 million
extension to
Clearwater Mall
, housing
leading global fashion brands H&M, River
Island and Top Shop, opened in April 2016
R178 million
spent on capital projects, new
equipment and tenant installations
R167 million
planned for extensions to
shopping centres
H&M at
Somerset Mall
(R15,8 million)*
and Checkers at
Atterbury Value Mart
(R31 million) currently under construction
Tenant updates (South African portfolio)
First Starbucks in South Africa opened at
Cradock Heights
in April 2016
First H&M for Hyprop opened at
Clearwater Mall
in April 2016
Social and relationship capital
The Hyprop Foundation invested
R1,3 million
on education and community upliftment programmes
* Opened post year-end
** After interest on corporate debt