This voluntary report provides an update on the trading performance of the portfolio as reported in the Liberty Two Degrees (L2D) interim results announcement released on 23 July 2018. Trading density information for June 2018 is provided as well as vacancy rates as at August 2018. In addition there is commentary on the latest leasing initiatives. The information has not been reviewed or reported on by L2D’s external auditors.
The trading performance of the portfolio has seen a general upward trend, with Sandton City and Eastgate Shopping Centre reporting good growth. Vacancies have reduced for August, largely driven by pre-let vacancies at Eastgate taking beneficial occupation during the month of August. Lastly, there are some exciting store openings across the portfolio during the remainder of 2018 which we believe will further improve the tenant mix and optimise trade of our centres.