Hyprop capital raise 2.4 times oversubscribed

Posted On Tuesday, 08 May 2018 22:18 Published by
Rate this item
(0 votes)

JSE specialist shopping centre REIT, Hyprop, today announced the results of a successful bookbuild which was 2.4 times oversubscribed, raising R782.6 million.

Pieter_Prinsloo_Hyprop_CEO

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.

 CEO Pieter Prinsloo says: “In the short term the proceeds will be used to reduce debt and will provide Hyprop with the headroom for future acquisitions and corporate activity.”

Last modified on Tuesday, 08 May 2018 22:24

Most Popular

University of Fort Hare construction resumes

Jun 18, 2020
Construction of UFH Student Housing
Following two months of hard lockdown, the development of a 2 047-bed student village at…

SA property prospects as we look beyond COVID-19 lockdowns

Jun 11, 2020
John Loos FNB Property Economist
“The COVID-19 Crisis has changed the world a lot, perhaps less through introducing new…

Estate Agency Affairs Board to re-open its doors this month

Jun 13, 2020
Mamodupi Mohlala
The Estate Agency Affairs Board (EAAB) will re-open its Sandton, Johannesburg offices…

Grit to improve liquidity, save costs through proposed JSE de-listing

Jun 11, 2020
Bronwyn Corbett Grit
London Stock Exchange listed Grit announced its intention to de-list from the JSE.

Redefine’s European logistics platform set to expand its footprint in Poland

Jun 17, 2020
Andrew Konig CEO Redefine
JSE listed diversified real estate investment trust Redefine Properties (JSE: RDF) along…

Please publish modules in offcanvas position.