Most of the Liberty Two Degrees (L2D) properties have shown strong bounce-back after the pandemic - with one notable exception.
At the group's malls, retail turnover has outstripped June 2019 levels by 16.1%. It is up 25.1% from the first six months of 2021. Shops that became empty during the lockdown are also filling up nicely. The retail occupancy rate is now more than 97.2% across the group.
And L2D has been forced to drop its rental rates drastically to fill its malls.