Sandton City shines as Liberty Two Degrees weathers tough economy
Company manages positive trading-density growth across its retail portfolio, improving on 2018
Liberty Two Degrees (L2D) – the landlord with exposure to some of SA’s premium shopping centres including Sandton City, Melrose Arch and Eastgate – has pulled off positive trading-density growth across its retail portfolio despite the plight of high-profile tenants such as Edcon, Forever 21 and Hamleys.
L2D’s portfolio recorded trading-density growth of 3%, with Sandton City achieving 8.4%, in the year to end-September.
Trading density is the turnover generated per rentable square metre in a shopping centre. ..