MAS owned Moldova Mall in Romania underwent a redevelopment and reopened in April last year.
Hyprop Investments announced on Wednesday an accelerated bookbuild was oversubscribed, raising R739 million by issuing 12,63 million new shares - the initial bookbuild was targeted to raise R500m.
The Real Estate Investment Trust (REIT) owns and operates premium shopping centres across South Africa and parts of Eastern Europe, including well-known malls such as Canal Walk, Hyde Park Corner, and Rosebank Mall.
The bookbuild was priced at R58,50 per share, representing a 1,4% premium to the 30-day volume weighted average price per Hyprop share of R57,71 as of July 7, 2026. The book was oversubscribed at this level.
Hyprop’s share price slipped 3,49% to R58,74 on the JSE Wednesday morning after the bookbuild closed; however, the price was still 32,7% higher than it was on the same day a year prior.
