Hyprop Investments, the specialist retail property fund with a focus on high quality shopping centres, enjoyed a better than expected turnaround in the second half of 2020 as customers went on shopping sprees after the hard lockdown, showing that concerns that Covid-19 will destroy in-person shopping may have been exaggerated.

Hyprop owns R45.4bn portfolio of shopping centres in SA, Eastern Europe and Sub-Saharan Africa. Its best-rated shopping centres include Rosebank Mall and Hyde Park Corner in Gauteng and Canal Walk in the Western Cape. It is trying to sell its shopping centres located in Africa...