Liberty Two Degrees (L2D), which offers investors exposure to iconic assets such as Sandton City and Melrose Arch, is considering four large property deals, worth billions of rand, as it tries to bolster its retail portfolio and boost its share price. The group has been a major underperformer in terms of share price growth since it listed in December 2016. "We’ve been looking at four deals over the past few months. We have a strong portfolio of assets which we consider to make up the best retail portfolio in the country and now following our restructure we are in a position where we can enhance our portfolio and attract more institutional investors," said financial director José Snyders. The company’s share price is down 2.4% year to date with it struggling to attract investor interest from large institutions. L2D listed at R10.50 but its price has been weak since. It closed flat at R8 on Monday. L2D, which has exposure to the larger Liberty group’s R30bn property portfolio, includi...
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