LIBERTY LISTS PROPERTY PORTFOLIO
Liberty Group unbundled and listed a portion of its property portfolio on the JSE on 6 December, raising R3bn from invited investors and R780m from Liberty Group in the process. The real estate investment trust Liberty Two Degrees (L2D) owns interests in assets such as Sandton City, Eastgate, Nelson Mandela Square and Melrose Arch. Liberty said the capital raised would enable it to expand its existing portfolio of property assets and unlock the portfolio to investors outside its base of policyholders, Engineering News reported. The listing of L2D brought the number of listed property sector companies on the JSE to 63, according to the bourse.