Liberty Two Degrees’ assets lose R1.5bn in value

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Landlord feels the lockdown acutely because of its exposure to super-regional malls such as Sandton City

Liberty Two Degrees , which is invested in some of SA’s iconic shopping centres, expects a strong turnaround in its performance in 2021.

Its asset portfolio lost more than a fifth of its value in the first half of 2020 because of the Covid-19 pandemic.PremiumA subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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