Liberty Two Degrees (L2D),  formed by financial services group Liberty to hold about a third of its property portfolio, says Sandton City was the standout performer in the first half of 2019, even as the economy barely grew and consumers remained under pressure.

Trading density growth of 2.9% across L2D’s portfolio was achieved, but Sandton City led with 6.8%.  Larger shopping centres such as Sandton City tend to be defensive in difficult economic conditions as shoppers still buy groceries and basic clothing, L2D CEO Amelia Beattie said. ..

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