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.
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