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.
inveStMent caSe
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Largest listed shopping centre fund on JSE |
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Income distributed on a semi-annual basis |
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Defensive and diverse income streams |
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Income growth through contractual rental escalations |
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Economies of scale to maintain low operating costs |
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Specialised and experienced in-house management |
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Shopping centres distinguished by |
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Quality, size and location |
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Diverse tenant base with strong national profile |
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Flagship national stores |
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Preferred shopping destinations |
buSineSS ModeL and Strategy
Hyprop’s high quality shopping centres comprise 95% of the total
direct property portfolio value, and represent Hyprop’s core focus.
The remaining 5% of the portfolio is made up of select offices and
a hotel (held-for-sale). during the year, Hyprop expanded into the
emerging economies of Africa through co-investment with the
Atterbury Group in a Mauritius based property investment company,
Atterbury Africa.
strategic oBJectiVes for 2012 and Progress Made
| Invest in sizeable shopping centres |
85% of the portfolio invested in large shopping centres |
| Invest in rest of Africa through strategic partnership |
37,5% shareholding in Atterbury Africa with a commitment to invest
R750 million over the next 5 years |
| Dispose of non-core assets |
Disposal of R524 million of non-core assets |
| Expansion of existing shopping centres |
Rosebank Mall redevelopment of R920 million commenced in September 2012 |
| Utilise debt capital market opportunities |
R5 billion DCM programme established - R1 billion utilised at year-end |
| Improve corporate governance |
Further two independent non-executive directors appointed |
| Embrace new technology |
Mobile applications launched successfully at all shopping centres.
Significant increase in use of social networking media. |
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