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.

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