Specialised shopping centre owner Hyprop Investments has acquired a 60% interest in the €92m Skopje City Mall, its first investment in Macedonia. Hyprop acquired the interest through Hystead, a British company co-owned by Hyprop and PDI Investment Holdings, which purchased it from Balfin Finance of Amsterdam. Hyprop owns 60% of Hystead. PDI, a company presented by investor Louis Norval, has the remaining 40%. Hystead now owns three properties in southeastern Europe, having already bought Delta City Podgorica in Montenegro and Delta City Belgrade in Serbia, earlier this year. Skopje City Mall is the dominant mall in the Macedonian capital and the largest in the country. Skopje has a population of about 534,000 people. The mall has 37,600m² of retail gross lettable area and 131 tenants, including Zara, Terranova, Koton, LC Waikiki, Bershka, New Yorker and Fashion & Friends. Opened in October 2012, the mall has a multilevel medieval design and is about 3km west of the city centre. "Our...
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