Most property funds that have listed in the past two to three years have matched or outperformed investors’ expectations.
Leading JSE shopping centre REIT, Hyprop, has continued its formidable track record of strong returns with an exceptional 15% increase in total distributions for the year to 543 cents a share.
South African shopping centres are truly world-class, says Amanda Stops, CEO of the South African Council of Shopping Centres (SACSC), who believes the increase in international retailers entering the market is good for the industry and consumers.
Nedbank Property Finance has granted finance of R323 million to FPG Group for the purchase of the Cape Gate Lifestyle precinct from Hyprop, Africa’s leading specialist shopping centre Real Estate Investment Trust (REIT).
Reporting healthy growth in returns, Hyprop Investments Limited today announced an interim dividend of 262.7 cents per share for the six months to December 2014, up 13.7% on December 2013.
Marc Wainer served as the Chief Executive Officer at Redefine Properties Limited until August 1st 2014.
Mr. Stewart Shaw-Taylor, CA (SA), Harvard PMD, has been Managing Director of Standard Bank Properties since 1994.
Mr. Louis Norval, BSc (QS) serves as Managing director of Parkdev Asset Managers/Parkdev Group of Companies

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