https://newsletter.en.creamermedia.com
Energy|Solar
Energy|Solar
energy|solar

Hyprop acquires Table Bay Mall

17th October 2023

By: Marleny Arnoldi

Senior Deputy Editor Online

     

Font size: - +

Retail-focused real estate investment trust Hyprop has announced it will acquire Table Bay Mall, in Cape Town, for R1.6-billion.

The company aims to increase its exposure to favourable geographies and thereby improve its portfolio trading performance.

The 64 142 m2 Table Bay Mall was developed in 2018 in Sunningdale, which is on Cape Town’s west coast. It is well positioned in a high-growth node underpinned by strong residential demand.

Anchor tenants of the single-level regional shopping centre include Checkers, Pick n Pay, Woolworths and other stores such as H&M, Virgin Active and the Department of Home Affairs.

Hyprop plans to incur additional costs to equip the mall with a solar plant, in line with its interrupted trading ethos as the country continues grappling with energy insecurity.

The company will fund the acquisition through new, and a portion of existing, undrawn borrowing facilities.

“The Table Bay Mall acquisition is a unique opportunity for us to obtain a premium retail property at a fair market value, at a relatively early stage of its life cycle.

“Through the support of our proven retail property management expertise, particularly our active asset management initiatives, including optimising the tenant mix, the centre has great potential to unlock further growth and contribute towards the group’s long-term value,” comments Hyprop CEO Morné Wilken.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest News

An image of the Valkenburgh milling facility launch
OMV launches new milling facility in Mpumalanga
Updated 2 hours 46 minutes ago By: Tasneem Bulbulia

Showroom

M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 
Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (05/09/2025)
5th September 2025 By: Martin Creamer
Magazine round up | 05 September 2025
Magazine round up | 05 September 2025
5th September 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.07 0.154s - 178pq - 2rq
Subscribe Now