JSE specialist shopping centre REIT, Hyprop, will continue to invest in ongoing organic growth through further development of its local centres in order to capitalise on global retail and consumer trends.
The board is pleased to announce the appointment of Werner Behrens as Chief Executive Officer of MAS effective 1 May 2019.
The Subcommittee of the Board of directors of Fortress REIT Ltd (JSE: FFA and FFB), which was set up on September 6 last year to review allegations made against the company and certain past and current directors, is making solid progress in delivering on its mandated scope of work.
Hyprop CEO, Morne Wilken, says the group had been confident from the outset of successfully raising or refinancing the R5 billion referenced by Moody’s.
JSE specialist shopping centre REIT, Hyprop, grew distributable income 6% on this time last year, resulting in 2.5% dividend growth for the six months to December 2018 (the period).
Vukile Property Fund will appoint respected stalwart of South Africa’s listed property sector, Laurence Cohen, as its new Chief Financial Officer.
While economic conditions remain challenging, Redefine Properties (JSE: RDF) continues to align its strategy to long-term trends and proactively manage liquidity through the recycling of non-core assets.
JSE-traded EPP, the pure Polish retail property fund, delivered a total return of 21% in 2018 to significantly outperform the market, making it the top performing listed property company of the year. This is a significant difference from the benchmark index (SAPY) total return of -25%.
South Africans invested in Polish retail property are well positioned to benefit from the country’s growing consumer spend and the popularity of mall shopping among Poles.

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