Liberty Two Degrees

Positive interim results from Liberty Two Degrees despite weak economy

Retail-focused Liberty Two Degrees (JSE:L2D), posted commendable results for the six months to June 2019, despite weak consumer sentiment.

Sorry Edcon, we will not reduce Rent, says Growthpoint Properties

After securing R2.7 billion, Edcon's request for rental reduction was met with a major obstacle at SA's largest landlord, Growthpoint Properties.

Landlords chip in as Edcon Holdings secures R2.7 billion

Edcon Holdings which owns Edgars Stores, Jet and CNA, has secured R2.7 billion rand from lenders, landlords and the Public Investment Corp. as South Africa’s largest clothing retailer wraps up its latest restructuring plan.

Liberty Two Degrees attains REIT status, bulks up asset base

Liberty Two Degrees (JSE:L2D), the owners of flagship Sandton City, Eastgate Shopping Centre and Melrose Arch, says it had converted to a Real Estate Investment Trust (Reit), and significantly "bulked up" its asset base.

Amdec-Marriott JV brings AC Hotels brand in the Mother City

The joint venture between Melrose Arch owners, the Amdec Group and NASDAQ-listed Marriott International, brings the first AC Hotels brand to Africa.

Shopping Mall Owners worried about Edcon can breathe a sigh of relief

The headlines about retail giant Edcon Holdings on the brink of collapse, have been jarring for South Africa’s big Shopping Mall Owners and the whole nation.

Dark days ahead for Mall Landlords as Edcon battles with Rent

There is still no respite for Landlords as one of SA’s oldest surviving retailers, Edcon Holdings which occupies big pockets of space in many shopping centres, is asking mall owners to chop rent.

Liberty Two Degrees leases space vacated by Stuttafords but faces pressure from Edcon

South African landlords have let most of the space vacated by the defunct department store, and Liberty and L2D are in talks with Edcon, which is ‘rationalizing’ its leases.

A tough year for Liberty Two Degrees

Real estate investment trust (Reit) Liberty Two Degrees (L2D) on Monday declared a full-year distribution per unit of 59.22c, which fell short of its forecast of 65c.

Liberty Two Degrees' resilience rides out the storm

Liberty Two Degrees (L2D), which owns some of SA’s premium shopping centres, says its iconic asset portfolio and strategy to actively manage its precincts will enable it to remain resilient during the tough South African economic climate.

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