South African real estate investment trust Hyprop Investments has acquired a hypermarket adjacent to its shopping centre The Mall in the Bulgarian capital for €23 million back in June.

The EBRD and IFC, a member of the World Bank Group, are boosting the retail sector in Serbia, Montenegro and FYR Macedonia with €164 million in loans to the investment firm Hystead.

Hystead Limited, a UK company co-owned by Hyprop Investments Limited (Hyprop) and PDI Investment Holdings Limited (PDI), has acquired a 90% interest in two Croatian shopping centres. The purchase consideration net of €154.4 million asset-based finance is €129.1 million, of which Hyprop’s effective share is approximately €77.5 million. The two malls, namely City Center one Zagreb West and City Center one Zagreb East, are located in Zagreb, the capital of Croatia. The transaction is conditional upon approval of the Croatian competition authority and is expected to close at the end of March 2018.

South African fund Hystead has acquired of The Mall, one of the largest shopping centres in Bulgaria, located in the capital city Sofia. The acquisition, upwards of €156 million, represents the fourth investment in the region by Hystead Limited, a joint venture between Hyprop Investments and Homestead Limited, who previously acquired the Delta City shopping centres in Podgorica and Belgrade alongside Skopje City Mall in Macedonia at the end of 2016.