cHairMan’s rePort

The past year proved significant for the JSE All Share Index (ALSI), which achieved record highs on both foreign and local investor interest. This was driven in part by the search for yield by foreign investors who, faced with low or no interest rate environments, were looking to invest in equities and other yield-generative assets in overseas markets...

  ceo’s rePort

The premium quality of Hyprop’s assets and the specialised, experienced internal management team, again proved their worth in a challenging economy, by delivering pleasing results. Hyprop’s unrelenting focus on continuously improving the quality and dominance of its shopping centres, ensured trading...

  financial director’s rePort

Overall Hyprop produced a pleasing set of results for the year, with the core shopping centre portfolio continuing to show good growth and operating expenses being well controlled. Integration of the Attfund portfolio was successfully completed during the year, with 100% of the portfolio now being managed seamlessly with a single property management system.

Business at a glance

Currently celebrating 25 years since listing on the JSE, Hyprop has consistently ranked as a top performer on the exchange. The group has an unparalleled track record of growth in returns ahead of local and international industry averages, and consistent unit price growth.

Hyprop is the fourth largest JSE-listed property fund and is ranked third in asset size, with total assets of R21,5 billion.


Hyprop is Africa’s leading specialist property fund, with a focus on ownership of high quality shopping centres. The company is headquartered in Rosebank, Johannesburg. During the year under review Hyprop expanded into the rest of Africa by co-investing with the Atterbury Group in the Mauritius based property investment company, Atterbury Africa.

Hyprop’s third integrated report presents the financial results and the environmental, social and governance performance of the group for the year ended 31 December 2012, and follows the previous report published for the financial year ended 31 December 2011. There were no changes to accounting policies adopted in terms of IFRS nor were there any restatements of previously reported information.

The content included in this integrated report is intended to identify and explain the material economic, social, governance and environmental issues facing the group and their impact, and to enable stakeholders to accurately evaluate Hyprop’s ability to create and sustain value over the short, medium and long-term.

For the purpose of this integrated report, Hyprop’s scope of reporting on its sustainability initiatives extends to the group holding company and to each of the shopping centres in Hyprop’s portfolio of assets. Atterbury Africa was added late in the year under review, and will be included in the scope of reporting in the integrated report for the year ending 31 December 2013.