Real Estate Investor Magazine South Africa October 2016 | Page 39

COMMERCIAL HENRY LAAS PIETER PRINSLOO Construction giant Murray & Roberts (JSE: MUR), which helped building South Africa’s 2010 FIFA World Cup stadium projects, is exiting infrastructure and building business markets. The surprise announcement was made end of August as the 114-year-old company released its interim results for the six months to December 31. Shopping centre specialist, Hyprop Investments (JSE:HYP) posted double-digit distribution growth for the year to June on the back of consumer spending that supported its property portfolio in the retail sector. Hyprop CEO Pieter Prinsloo attributed the results to various factors that had contributed to the growth in distributable earnings. Murray & Roberts www.reimag.co.za Hyprop DAVID MAKHURA Gauteng Premier Central Square, a R1.8 billion mixed-use development which opened on Wednesday. is set to become a prominent landmark in Menlyn Maine district of Tshwane – the country’s first “green city” precinct. Gauteng Premier David Makhura opened the Menlyn Maine Central Square, in Pretoria, calling it a “very important development” for Gauteng. OCTOBER 2016 SA Real Estate Investor 37