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NEWS

LIBERTY TWO DEGREES LIMITED COMMENCES TRADING ON THE JSE MAINBOARD AS A CORPORATE REIT

1st November 2018
Contributor: Liberty Two Degrees

Liberty Two Degrees (L2D) is pleased to announce the commencement of trading of Liberty Two Degrees Limited (New L2D) on the Main Board of the JSE today, following the successful fulfillment of the conditions precedent to the restructuring transactions. The listing follows the conversion of L2D from a Collective Investment Scheme in Property (“CISIP”) to a corporate REIT, the cancellation of the PUT option by Liberty Group for no consideration, the internalisation of the management company which assumes the asset management function of the Liberty Property Portfolio (LPP), as well as the acquisition of R1.2 billion in assets from the LPP.

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