Pent-up retail demand boosts Hyprop Investments
The owner of Rosebank Mall and Hyde Park Corner says shoppers are returning to its malls in droves
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...