Hyprop makes good on debt challenge
Blue-chip mall owner gets its loan-to-value below 40% after selling Ikeja City in Nigeria
03 December 2020 - 18:09
Hyprop Investments, the largest retail specialist landlord in SA, has reduced its relative debt levels by 3.5 percentage points largely due to the sale of a retail shopping centre in Lagos, Nigeria, the company said on Thursday.
This brings the company's loan-to-value, an important metric that financial institutions use to assess lending risk to below the 40% financial health threshold. ..
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