Retail-focused real estate investment trust Hyprop reported in a December 3 pre-close statement ahead of its December 31 interim closed period that most of its key trading metrics in South Africa have improved since it reported its results for the financial year ended June 30. “We are encouraged by the relaxation of lockdown restrictions in South Africa over the last five months, which is helping to normalise trading. With restaurants and other entertainment tenants able to operate at higher capacity, we expect further improvements in footfall and rental recoveries over the medium term.
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