Hyprop Investments Limited (South Africa)

Hyprop Investments Limited is a retail-focused Real Estate Investment Trust (REIT) based in Johannesburg. The company owns and manages a portfolio worth approximately R40 billion, consisting of mixed-use precincts with dominant retail centers in key economic nodes in South Africa and Eastern Europe. Hyprop's main focus is on creating spaces and connecting people. They achieve this by owning and managing retail centers in mixed-use precincts in South Africa and Eastern Europe, adapting to meet the needs of the community and embracing new technologies. Despite challenges such as slowing growth, rising inflation, and political uncertainty, Hyprop has made significant progress on its key priorities. In South Africa, the company's repositioning strategy, along with the dominance of its portfolio and focus on operational performance in sub-Saharan Africa (excluding South Africa), has helped both the South African and sub-Saharan African portfolios perform well and recover quickly after the lifting of Covid-19 restrictions. Hyprop has also made strategic disposals, such as the Atterbury Value Mart, Delta City in Belgrade, and Delta City in Podgorica, to reduce debt and strengthen its balance sheet. Additionally, the company implemented a "liquidity event" with Hystead and acquired four retail centers in North Macedonia, Croatia, and Bulgaria, effectively increasing its shareholding to 100%. Overall, Hyprop Investments Limited is a retail-focused REIT that owns and manages a significant portfolio of mixed-use precincts with dominant retail centers in South Africa and Eastern Europe. They prioritize creating spaces, connecting people, and delivering long-term value for stakeholders through a sustainable business model and robust governance framework.