Retail-focused Hyprop Investments reported a record 20% distributions increase for the year to December, to 270c a unit.

JSE property fund Hyprop Investments announced its fourteenth consecutive year of growth with a record increase in distributions of 20% for the twelve months to December 2007

A number of comentators present their outlook on the listed property sector amidst a local rising inetrest rate and a global inflationary environment

Leading listed retail property fund Hyprop Investments has expanded its investment portfolio with the acquisition of approximately 31,3% of listed property unit trust Sycom Property Fund (“Sycom”) for R1,24 billion

The plunge in the prices of listed property in the UK and Europe since the beginning of the year offers opportunities for South African listed property companies looking for offshore investments

Blue-chip listed property loan stock company Hyprop Investments on Tuesday reported an 18,2% surge in distributions to 130c for the six months to June.

An 11,7% increase in net income from its shopping centres helped Hyprop Investments deliver another set of strong interim results for the six months to June 2007

Leading listed retail property fund Hyprop Investments has again outperformed previous distribution growth with its record distribution to unit holders of 225 cents per combined unit for the year to December 2006, up 18,4%.  This marks the fund’s third consecutive year of incremental growth in distributions.  A significant increase in the value of its portfolio saw pre-tax net asset value per combined unit rise 34% to R39,63.

Big challenge is to find suitable properties

Hyprop has elected to dispose of its units in fellow listed property fund - SA Retail Properties - to the Public Investment Corporation