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Sandton City, hotels doing brisk business for L2D - but Melrose Arch is lagging

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L2D's Sandton properties have recovered significantly from the 2020 slump, and in some cases are doing better than in 2019.
L2D's Sandton properties have recovered significantly from the 2020 slump, and in some cases are doing better than in 2019.
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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.

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