R4bn

LIB­ERTY LISTS PROP­ERTY PORT­FO­LIO

Finweek English Edition - - THE WEEK -

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.

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