Liberty Two Degrees JSE: L2D

Liberty Two Degrees shares

Background of Liberty Two Degrees

  • L2D is the Liberty Group’s listed property vehicle. It has a market capitalisation of R9.37bn and its assets include portions of the Sandton City complex, Eastgate complex, Melrose Arch, Liberty Midlands Mall and Nelson Mandela Square. A REIT, or Real Estate Investment Trust, is a company that owns or finances income-producing real estate. Modeled after mutual funds, REITs provide investors of all types regular income streams, diversification and long-term capital appreciation.

  • Liberty Two Degrees (L2D) is a portfolio established under the Liberty Two Degrees Scheme (the Scheme) in terms of Collective Investment Schemes Control Act, 2002(Act No. 45 of 2002) (CISCA). Its aim is to afford investors growth in income and capital by investing at fair prices in a balanced spread of immovable properties and related assets permitted by the Trust Deed. L2D is required by Collective Investment Schemes Control Act to be structured as a JSE-listed portfolio within a trust with an external independent trustee and an external management company. The Scheme was registered by the Registrar of Collective Investment Schemes on 28 October 2016 and is managed by STANLIB REIT Fund Managers (RF) Proprietary Limited (the Manager). The Manager has also been appointed as the asset manager of Liberty Group Limited (LGL)’s interest in the Liberty Property Portfolio (LPP).

  • L2D acquired its undivided shares (and other interests) in the LPP effective 1 December 2016 and commenced its business operations with effect from that date. L2D was listed on the Johannesburg State Exchange (JSE) on 6 December 2016. The history of L2D is one of South Africa’s leading retail property portfolios with undivided shares in assets such as the Sandton City Complex, the Eastgate Complex and Melrose Arch. The portfolio predominantly comprises retail real-estate assets in South Africa. In Johannesburg, the retail assets are an interest in the Sandton City Complex, the Eastgate Complex and Nelson Mandela Square.

  • Other retail assets are two regional shopping centres, being Liberty Midlands Mall in KwaZulu-Natal and Liberty Promenade Mitchells Plain in the Western Cape, an interest in the mixed-use precinct of Melrose Arch in Johannesburg and the newly developed Botshabelo Mall in the Free State. The Sandton City Complex is situated in the economic heartland of the country and showcases some of the most prestigious international and domestic retailers. Theattraction of its long established presence and overall quality make it irreplaceable and confers brand-value and recognition on the portfolio. Similarly, the Eastgate Complex, with its strong history and recent upgrade, is located in a large catchment area with main thoroughfare and arterial road accessibility.

  • Nelson Mandela Square is a destination centre with good entertainment offerings complementing the neighbouring Sandton City Complex. Melrose Arch’s office and retail component supports its status as one of the leading mixed use precincts in Johannesburg’s high end Northern Suburbs. Liberty Midlands and Liberty Promenade Malls are large high-quality centres within regional catchment areas positioned for growth. In addition to the offices included in the main retail complexes, the portfolio includes select office properties located in key business nodes with blue-chip anchor tenants. These properties include the Standard Bank Centre in Johannesburg, the Liberty Centre in Century City Office Park in Cape Town and Liberty Centre in Umhlanga Ridge in Durban. The portfolio also includes the John Ross Eco-Junction in KwaZuluNatal, where the Melomed Hospital and other development opportunities will provide diversification opportunities.

  • The structure of L2D allows for the continuity of the management team that has been managing the LPP portfolio for a number of years. L2D benefits from Liberty and STANLIB’s property development and asset management expertise and history, together with a record of accomplishment of innovation and successful redevelopments. The management structure and team preserve institutional oversight, governance and real data driven expertise, while leaving room for management talent.

Liberty Two Degrees Shares Growth Driver

  • The investment policy of L2D is aimed at achieving the primary objective of affording investors growth in income and capital by investing at fair prices in a balanced spread of the following assets:

     Immovable property in the Republic of South Africa (including undivided shares or other interests therein or leasehold in respect thereof);

     securities of holding companies or fixed property companies, which will indirectly or directly own immovable properties;

     liquid assets and other qualifying assets determined by the Registrar in terms of section 47(2) of the CISCA; or

     Immovable property in a foreign country and property shares or participatory interests in a collective investment scheme in property in a foreign country, in accordance with the provisions of section 49 of the CISCA.

  • “ Management believes in the strategic approach of investing in high-quality performance assets that remain resilient during tough economic cycles and look forward to deploying capital raised during the listing to acquisitions identified and the developments on the ground,” said CEO Amelia Beattie. “Our strategy to expand our portfolio coupled with our scale, presence and location of retail assets, positions L2D as one of the premier real estate investment opportunities in SA. The capital expenditure incurred to maintain the high quality of the properties provides a platform for good growth without incurring significant new capital to refresh the environments,” Beattie said.

  • L2D is said to have a management team with extensive live property experience and a sustained record of accomplishment in acquiring, developing and managing some of SA’s “flagship property assets”.

Liberty Two Degrees Group Investor Tip

  • Other contenders that have also listed this year include Western Cape based property group till today are Spear REIT, three Eastern European-focused listings —Greenbay Properties (May), Global Trade Centre (August) and Echo PolskaProperties (September) — as well as UK-focused mall owner Hammerson, which debuted in September, this represents stiff competition, which goes without saying.

  • An approximate R3.8 billion has been raised following L2D putting up its share for sale online, comprising R3 billion at L2D’s share price listing to invited investors, with R780 million from Liberty Group Limited using new policyholders funds, who subscribed at a 5% discount to the listing share price. The successful bookbuild buy process included blue chip institutions and real estate specialists, as well as an allocation to retail purchase investors.

Liberty Two Degrees Major Shareholders

  • Sector

    Real Estate

  • Industry

    Real Estate

How to buy Liberty Two Degrees Group Holdings Shares

  • Liberty Two Degrees Holdings : How to buy Liberty Two Degrees Holdings Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Liberty Two Degrees shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Liberty Two Degrees and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Liberty Two Degrees Holdings shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
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