Hyprop Investments acquires Galleria Burgas Mall for R2.3 billion

Hyprop Investments, the South African retail real estate investment trust, has expanded its Eastern European footprint with the acquisition of Galleria Burgas Mall , a major shopping centre on Bulgaria’s east coast. The deal, valued at approximately €122.2 million (R2.3 billion), was executed through Hyprop’s subsidiary Balkan Retail N.V., which acquired Galleria Burgas EAD from MAS Property Holding S.R.L., part of MAS PLC. Transaction Details Gross Purchase Price: €122.2 million (R2.3 billion),