Monday, 28 November 2016 22:36

Liberty Two Degrees unit settles for manco

Liberty will be managed by an external management company, manco, following its listing in December.

Liberty whose investments include the iconic Sandton City – “the richest square mile in Africa” – announces its intention to list a portion of its premium property portfolio on the JSE as a Real Estate Investment Trust (REIT), to be called Liberty Two Degrees before the end of 2016.

Space at prime South African retail properties was made to work harder throughout 2015 and delivered real growth on an inflation adjusted basis.

STANLIB, on behalf of the Liberty Property Portfolio celebrated the official ground-breaking for the R220m Melomed Hospital development in the city of uMhlathuze today with Counsellor Mhlongo - Mayor of the City of uMhlathuze and the Kwa-Zulu Natal Premier - Senzo Mchunu in attendance.

In a bid to align Kenya’s listed property sector with international standards, enhance governance and boost expansion across sub-Saharan Africa, multi-specialist asset manager STANLIB has received regulatory approval from the Kenya Capital Markets Authority (CMA) to launch East Africa’s first Income Real Estate Investment Trust (I-REIT).

The traditional shopping centre model is turning on its head, according to indicators emerging from research covering two million square metres of retail space across South Africa.

SAPOA announced at the Annual SAPOA International Convention and Property Exhibition that it has raised R40-million for its Bursary Fund.

In light of the increasing need for skills development and transformation in the property sector, SAPOA delved into industry skills at its Annual International Convention and Property Exhibition in Durban.

Head of STANLIB Direct Property Investments and SAPOA President, Amelia Beattie, addressed delegates with an insightful President’s message on Day 2, 20 May at the Annual SAPOA International Convention and Property Exhibition. 

Liberty Group says Nelson Mandela Square will undergo major refurbishment for the first time in 20 years.

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