Liberty Two Degrees (L2D), which owns stakes in Sandton City, Melrose Arch, Eastgate and Nelson Mandela Square, says its distributable earnings for the full-year will shrink by more than half.

The company was hit by the lack of consumer spending during the hard lockdown and millions of rand spent on rental relief and other support mechanisms for tenants...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now