Financial Mail: Liberty Two Degrees – new look, fresh potential
Despite co-owning what is widely regarded as two of Gauteng’s most prized retail assets – Sandton City and Eastgate Shopping Centre – Liberty Two Degrees (L2D) has had a disappointing run since listing nearly two years ago. The share price has been on a steady decline since the Liberty Group brought a portion of its property assets to the JSE via L2D in early December 2016. However, loyal investors are likely to be rewarded for their patience over the next few years following the successful completion of a major restructuring exercise, through which the company began trading in its new guise as a corporate real estate investment trust (Reit) last week. Metope investment Analyst Kelly Ward comments.