Leading listed retail property fund Hyprop Investments is set to dispose of its 46% stake in SA Retail Properties (“SA Retail”) to the Public Investment Corporation (“PIC”) for R1,135 billion, electing to exit the fellow property fund in a single cash transaction at a premium to the original acquisition cost.  Hyprop initially acquired its stake in SA Retail at an average price of R9,43 a unit and will realise a surplus from the sale of over R100 million.

Thursday, 30 November 2006 02:00

Hyprop, Vunani buy R67m in property

Hyprop Investments and black-owned Vunani Properties have boosted the portfolio of Vunani Property Investment Fund by buying R67m in property

Hyprop Investments and black-owned Vunani Properties have together boosted the portfolio of Vunani Property Investment Fund (VPIF) - their BEE partnership project

Listed property loan stock company SA Retail Properties was on Wednesday blocked by unit holders from issuing units as part-payment for property transactions.

Wednesday, 26 July 2006 02:00

Hyprop half-year dividend up 20%

Blue-chip listed property company Hyprop Investments said yesterday that its interim distribution for the six months to June would be at least 20% higher than the previous interim period.

The strong growth in property values has been a mixed blessing for SA's listed property sector, which is struggling to purchase fixed properties, as there seem to be so few sellers.

Hyprop has joined with Standard Bank to introduce a capital market debt funding structure appropriately suited to listed property companies

Friday, 16 September 2005 02:00

Hyprop boosts SA Retail stake

Listed retail property loan stock Hyprop Investments now holds a 44,4% stake in rival property fund SA Retail Properties, following the acceptance by 37,8% of SA Retail unitholders of Hyprop's offer, which closed on September 9.

Hyprop Investments declares an interim distribution per combined unit of 91 cents, an 18% increase on that declared a year earlier

Wednesday, 24 August 2005 02:00

Hyprop bumps up growth forecast

Blue-chip listed property loan stock company Hyprop Investments is forecasting distribution growth of 12% for this year on the back of a buoyant retail property sector.

Page 8 of 11

Most Popular

Equites Property Fund’ prime logistics portfolio delivers exceptional returns

May 04, 2022
Andrea Taverna-Turisan
Equites Property Fund Limited today announced growth in its distribution per share of…

When is eviction legal? All you need to know about dealing with problem tenants

May 04, 2022
Evictions
Buying an investment property is great, especially when you’ve chosen a good location.…

Steilloop Shopping Centre makeover exceeds customer needs

Apr 22, 2022
Rural Limpopo's Steilloop Shopping Centre was bought by developer, GMI Property Group…

Deadline looms for energy performance compliance for commercial buildings

Apr 25, 2022
Energy certiticate
By 7 December 2022, commercial properties in specified sectors must have obtained their…

First quarter Rode’s Report raises doubts over the Sectional Titles Schemes Management Act

Apr 25, 2022
Default Image
The latest issue of the Rode’s Report has brought into question the practicality of the…

Please publish modules in offcanvas position.