CORPORATE ACTIVITY
Financial services company Liberty Holdings plans to list part of its property portfolio as a real estate investment trust (Reit) to be called Liberty Two Degrees, with an expected net asset value of R10-billion, on the Johannesburg bourse by the end of the year. The listing of Liberty’s property portfolio, managed by Stanlib, is aimed at augmenting the value proposition to the group’s existing policyholders and unlocking greater opportunities for enhancing the returns profile of the portfolio.
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