Hyprop is pleased to announce the launch of high-speed WiFi at its shopping centres in partnership with MWEB.
Hyprop Investments Limited today announced that it reached agreement with African Land Investments to acquire 87% of the issued shares in African Land for a consideration of R768m.
There was very little in the way of positive news for investors in South Africa's listed property sector for the week ended 9 November 2013 and the US jobs report of last Friday has placed the sector firmly on the back foot.
Redefine Properties acquires an additional 139.782-million Fountainhead units from various unit-holders in return for 15.376-million Hyprop units.
It will probably take at least another 12-24 months before Redefine Properties achieves its ultimate goal of a full takeover of Fountainhead Property Trust’s R11,1bn portfolio.
Former Rooftop Market will continue pursuing legal action against Rosebank Mall owner Hyprop Investment, despite its permanent relocation from Rosebank to Norwood Mall.
Three years ago only a handful of formal shopping centres were scattered across Africa, now developers are starting to flow into new retail-focused projects.
Retail-focused property loan stock company Hyprop reports a 7.6% rise in total distributions to 213c per combined unit for the six months ended June.

eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.