South Africa

Hyprop in talks to sell Rosebank Mall and Hyde Park Corner

Retail specialist landlord Hyprop Investments is in talks with a number of private buyers to acquire two of its Johannesburg-based malls, in an effort to raise cash and to strengthen its balance sheet.

Few listed real estate investment trusts (Reits) have made acquisitions this year, given debt constraints and the need to conserve cash to pay dividends to shareholders.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Football news:

Dembele scored in both matches of the Champions League - Juventus and Ferencvaros. In La Liga, he did not score for more than a year
Keane has scored 4 goals in PSG's last 2 games. In 37 games at Everton, he had the same number
Carragher on Mourinho: they Said his football was from a different era. If he won the Premier League, it would be great
Gennaro Gattuso: Napoli need to play above all praise to beat real Sociedad
Neymar was substituted in the 26th minute of the match against Istanbul due to injury. He was crying
Juventus shares have risen four times in five years. Ronaldo-this is only one of the reasons
Gary Neville: Mourinho gives Tottenham the confidence to win the Premier League. Jose is only Interested in winning