Hyprop has reported strong double-digit growth in distributions for the six months to December 2016 (the period) off the back of a solid performance from the South African shopping centres, supported by the inclusion of distributable income from the...
RMB Holdings (RMH) has diversified its banking interests to the commercial property market by acquiring a 25.01% stake in Mall of Africa developer Atterbury.
Accelerate Property Fund has joined a host of South African funds investing in central and eastern Europe, announcing a R2.3bn property deal that includes retail assets in Austria and Slovakia.
CONSUMER spending may well be in the doldrums, but punters who invested in blue-chip mall owner Hyprop Investments in January, when the share price slumped to levels of about R89, are in the pound seats.
The glut of new shopping centre space that continues to grow in major cities and towns is starting to bite into landlords’ returns, results released last week by two of SA’s largest retail property owners show.
