Liberty Two-Degrees CEO confident Ster-Kinekor can weather storm
The part-owner of Sandton City and Eastgate says the largest cinemas can survive post-Covid-19
22 February 2021 - 10:33
UPDATED 22 February 2021 - 17:12
The head of real estate investment trust (Reit) Liberty Two Degrees (L2D) is optimistic about the prospects of Ster-Kinekor, which entered business rescue in January, as South Africans still practise a culture of watching blockbusters, with the movie industry likely to recover post-pandemic.
L2D owns portions of Sandton City, Eastgate and Liberty Promenade, which all have the cinema chain as a tenant, as well as sections of other popular malls...
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