Hyprop, which manages dominant retail centres in mixed-use precincts in key economic nodes in South Africa (SA), Eastern Europe (EE) and sub-Saharan Africa (SSA), said in a pre-close update to the market that its current consolidated loan-to-value (LTV) is circa 40%, down from a historic 47%.

Hyprop Investments Limited (Hyprop) is pleased to announce it has concluded an agreement with Hystead to acquire the remaining four assets within the Hystead Eastern European (EE) portfolio.

JSE specialist shopping centre REIT, Hyprop, today announced progress on its strategy communicated to the market in March this year, where it stated its intention to reduce its exposure to sub-Saharan Africa excluding South Africa to focus its attention and capital on its South African and Eastern European businesses. 

Hystead Limited, which is 60% owned by Hyprop Limited, has successfully completed the 12 000m² extension to The Mall of Sofia, Bulgaria.

Hyprop holds steady with sold interim growth

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 a 90% interest in two Croatian shopping centres.

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.