Footfall was the highest in three years in the six months to end-June, but rental reversions continue
Landlord Liberty Two Degrees , whose retail assets include the iconic Sandton City and Nelson Mandela Square, has upped its dividend by double digits, benefiting as easing Covid-19 restrictions helped lift footfall to a three-year high in the first half of 2022.
Net property income rose 8.43% to R261m in the six months to end-June, the company reported on Monday, with retail turnover across its portfolio growing just over a quarter, putting it 16.1% above 2019 levels...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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