Liberty Two Degrees, which owns a mix of shopping malls and office space, said on Friday it was seeing signs of improvement in its retail portfolio, thanks to the easing of government-imposed restrictions while the office portfolio was struggling as most people were still working from home.

Liberty Two Degrees (L2D), which owns stakes in Sandton City, the mixed-use Melrose Arch precinct, Eastgate and Nelson Mandela Square, among other assets, said turnover contracted by 3.9% in the three months to March, which was an improvement from a contraction of 9.3% in prior quarter...

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