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Hystead Limited (Hystead), a UK company co-owned by Hyprop Investments Limited (Hyprop) and PDI Investment Holdings Limited (PDI), today announced that it has acquired the Macedonian mall, Skopje City Mall, purchased from Balfin Finance BV, Amsterdam.

Hyprop Investments Limited (Hyprop), the specialist shopping centre REIT (Real Estate Investment Trust) today announced that it has acquired a 60% interest in Serbian mall, Delta City Belgrade purchased from Delta Real Estate Group (Delta), a private Serbian company and Montenegrin mall, Delta City Podgorica, purchased from Hemslade Trading Limited Cyprus (Hemslade) and Delta.

Mr. Louis Norval, BSc (QS) serves as Managing director of Parkdev Asset Managers/Parkdev Group of Companies

Listed property fund Hyprop's pounce on a 31% stake in fellow fund Sycom shows that the battle for size and dominance in this sector continues