Hyprop sells interest in Southcoast Mall

Retail-focused property group Hyprop Investments (HYP) said on Monday it would sell its 50% share in Southcoast Mall to Redefine Properties (RDF) for R108.5 million.

The transaction, which is still subject to conditions precedent, forms part of Hyprop's strategy to focus on its core portfolio of premium, sizeable shopping centres.

Redefine already owns the other 50% of the mall.


 
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