HYPROP INVESTMENTS LIMITED - Completion of Galleria Burgas acquisition
Completion of Galleria Burgas acquisition
HYPROP INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005284/06)
JSE share code: HYP ISIN: ZAE000190724
JSE bond issuer code: HYPI
(Approved as a REIT by the JSE)
("Hyprop" or the "Company" or the "Group")
COMPLETION OF GALLERIA BURGAS ACQUISITION
Shareholders are referred to the SENS announcement released on 22 May 2026 relating to Hyprop's acquisition of all of
the shares in Galleria Burgas EAD ("Propco"), which owns a shopping centre known as Galleria Burgas in Burgas, Bulgaria
(the "GB Acquisition").
Hyprop is pleased to announce that all conditions precedent to the GB Acquisition have been fulfilled and the GB
Acquisition was implemented with effect from 31 July 2026.
The estimated purchase price for the shares in Propco is EUR53.5 million, calculated as the property value of Galleria Bugas
of EUR122.2 million, less senior debt to be assumed of EUR72.6 million plus estimated working capital of EUR3.9 million.
The GB Acquisition aligns with Hyprop's growth and diversification strategy and will enhance earnings and strengthen the
Eastern European portfolio.
3 August 2026
Sponsor
Java Capital
Date: 03-08-2026 08:00:00
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