Hyprop has reported a R4 billion reduction in the value of its property portfolio. The group’s full year results reflect the headwinds seen by most of the property sector. The company – which owns Rosebank Mall and Hyde Park Corner, amongst others – says that rental rates remain under pressure. Hyprop CEO, Morné Wilken joins CNBC Africa for more.
Hyprop sees R4bn reduction in property portfolio amid COVID-19 challenges
PUBLISHED: Tue, 22 Sep 2020 16:03:27 GMT