Hyprop Investments is an SA real estate investment trust (Reit) listed on the JSE that specialises in investing and managing high-quality regional and super-regional shopping centres in major metropolitan areas that are dominant in their respective catchment areas. The SA portfolio includes Canal Walk, CapeGate and Somerset Mall in Cape Town, Clearwater on the West Rand, Rosebank Mall, The Glen and Hyde Park Corner in Johannesburg, and Woodlands and Atterbury Value Mart in Pretoria.The company is internally managed by an experienced asset management team with an excellent track record. Hyprop distributes 100% of its distributable income to shareholders. CEO Pieter Prinsloo leads the executive management team and is assisted by financial director Laurence Cohen. Large regional shopping centres have a history of outperforming all other asset classes over the long term. This is evident by Hyprop’s current vacant space of 1.1% (including offices). However, as with all other property sec...
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