Hyprop, Africa’s leading specialist shopping centre Real Estate Investment Trust (REIT), operates a portfolio of shopping centres in major metropolitan areas across South Africa, sub-Saharan Africa and South-Eastern Europe.
Hyprop’s strategy is to own high-quality shopping centres in emerging markets, where such assets can be acquired or developed at attractive yields. Hyprop’s shopping centres dominate in terms of average size, which attracts new concept and flagship stores to make our centres the preferred locations for local and international brands. The company structure provides a sound foundation for the execution of our strategy, with capable and experienced teams and a hands-on approach enabling us to effectively manage our assets to achieve ongoing income and capital growth.
The shopping centre portfolio in South Africa includes super-regional centre Canal Walk, large regional centres Clearwater Mall, The Glen Shopping Centre, Woodlands Boulevard, CapeGate Shopping Centre, Somerset and Rosebank malls, and regional centre Hyde Park Corner.
The sub-Saharan Africa portfolio includes interests in Manda Hill in Lusaka, Zambia; Accra Mall, Achimota Mall and West Hills Mall (all in Accra, Ghana); and Ikeja City Mall in Lagos, Nigeria. Construction is under way at Kumasi City Mall in Kumasi, Ghana, due for completion in April 2017. Hyprop expanded into South-Eastern Europe by acquiring a 60% interest in Delta City Belgrade (Serbia), Delta City Podgorica (Montenegro) and Skopje City Mall (Macedonia)