Hyprop Investment Limited - Summarised Consolidated Audited Results, June 2020. - Real Estate Market Research and Data for Africa - Estate Intel | Estate Intel - Real Estate Market Research and Data for Nigerian and Africa

Despite the moribund South African economy, progress was made in the first half of the financial year towards achieving Hyprop’s strategic objectives, which include growing trading densities by repositioning the South African portfolio and introducing capital-light revenue streams.

Notwithstanding the challenges presented by Covid-19, Hyprop’s focus remains to implement the revised strategy, and good progress was made on certain key priorities. Key terms have been agreed for the disposal of Ikeja City Mall in Nigeria and they have reduced the Group’s US dollar-denominated debt by over $271 million.

Hyprop Investment Limited - Summarised Consolidated Audited Results, June 2020.

Summary

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