South African real estate investment trust Hyprop Investments has increased its 78 percent shareholding in four shopping centres – in Bulgaria, Croatia and North Macedonia to full control, and will look to completing its agreed disposal of Delta City Mall Podgorica in Montenegro within the next six months.
Hyprop Investments now fully owns Skopje City Mall in North Macedonia, City Center One East and City Center One West in Croatia as well as The Mall in Bulgaria.
“We have fulfilled all the conditions of the Hystead transaction, including shareholders’ approval at the general meeting held on Friday 25 March. At the meeting, 79.7% of the issued shares were voted, of which 99.9% voted in favour of the transaction,” said Hyprop CEO Morne Wilken.
