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JSE specialist shopping centre REIT, Hyprop Investments (“Hyprop”), continued meeting strong distribution growth forecasts despite a tough economy, with a total dividend of 695,1 cents per share for the year to June 2017, up 12,1% on the prior year.
UK-based Hystead Limited (Hystead), co-owned by Hyprop Investments Limited (Hyprop) and PDI Investment Holdings Limited (PDI), today announced the Euro 156 million acquisition by its subsidiary Balkan Retail NV of all the shares in Bulgarian company AP Retail I EOOD (AP Retail), which owns The Mall shopping centre located in Sofia, Bulgaria’s capital city.
Hyprop Investment Limited’s Gauteng-based regional shopping centre, Clearwater Mall, has added additional solar photovoltaic (PV) to their roof.
JSE specialist shopping centre REIT, Hyprop, reported strong double-digit growth in distributions for the six months to December 2016 (the period) off the back of a solid performance from the South African shopping centres, supported by the inclusion of distributable income from the newly-acquired South-Eastern European portfolio.
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.
The listed property sector has managed to outperform other equities but has been outdone by bonds during 2016 so far.
Specialist shopping centre REIT, Hyprop reported double-digit growth for the year ended 30 June 2016 off the back of its defensive quality shopping centre portfolio.
Consumer spending may well be in the doldrums, but punters who invested in blue-chip mall owner Hyprop Investments, when the share price was about R89, are in the pound seats.
Hyprop double digit-distribution growth at interims ahead of expectations.
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.