Liberty Properties’ vision is expanded

Posted On Friday, 03 April 2009 02:00 Published by Commercial Property News
Rate this item
(0 votes)

Liberty Group said the strategic repositioning of its properties business unit into three business opportunities was beginning to pay off and was expected to gain momentum.

Samuel OgbuFinancial service group Liberty Group said yesterday the strategic repositioning of its properties business unit into three business opportunities was beginning to pay off and was expected to gain momentum this year.

“Liberty Properties is successfully transitioning from being a property division of a South African insurer to an emerging property brand,” Liberty Properties CEO Samuel Ogbu said.

He said the key focus areas this year would be the transition from a single-stranded property management business to a property- focused wealth brand, with multiple customers and earning streams focusing on emerging markets. Liberty Properties plans to create an Africa-wide property franchise deriving earnings across the property spectrum.

“We want to also increase assets under management without straining the group’s financial position and maximise opportunities across the Standard Bank- African footprint through collaboration,” Ogbu said. The group aims to work in partnership with other players in the property market to secure third-party business.

Liberty Group, through its property arm Liberty Properties, owns the landmark Nelson Mandela Square in Sandton.

Liberty Properties’ development pipeline has been increased to more than R3bn, of which R1bn relates to property development outside SA.

Last modified on Friday, 24 May 2013 21:14

Most Popular

Strong demand boosts Balwin as it claws back three months of no construction activity due to covid lockdowns

May 18, 2021
The Huntsman 2
JSE listed Balwin Properties, a developer that cares about environmentally responsible…

Construction kicks-off at the R500-million Boardwalk Mall

May 17, 2021
Architects presective of the exterior  of the Boardwalk Mall
Flanagan & Gerard Group and Emfuleni Resorts, a subsidiary of Sun International (JSE:…

Growthpoint leverages development prowess to re-imagine La Lucia Mall as a vibrant suburban mixed-use experience

May 17, 2021
Growthpoint_Kent_La_Lucia_Residential_Apartments
Growthpoint Properties (JSE: GRT) is applying its development expertise to unlock…

Successful degearing and continued dividend payments has allowed Investec Property Fund to continue rewarding shareholders

May 19, 2021
Andrew_Wooler_IPF (1)
Investec Property Fund, (“IPF”, or “the Fund”) today announced a resilient set of…

Residential sectional title sales again on the rise

May 27, 2021
Andrew_Golding_Golding_PropertyGroup
Over the past 15 years, the sectional title market in South Africa has become entrenched…

Please publish modules in offcanvas position.