Liberty Two Degrees holds its own in tough economy

Liberty Two Degrees (L2D) — the landlord with exposure to some of SA’s premium shopping centres including Sandton City, Melrose Arch and Eastgate — has pulled off positive trading-density growth across its retail portfolio despite the plight of high-profile tenants such as Edcon, Forever 21 and Hamleys.

L2D’s portfolio recorded trading-density growth of 3%, with Sandton City achieving 8.4%, in the year to end-September. Trading density is the turnover generated per rentable square metre in a shopping centre...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Subscribe Sign in

Cancel anytime.

Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

SIGN UP

SIGN IN

Please read our Comment Policy before commenting.