UK property group Liberty International, which has a dual listing in South Africa, says its financial position remains "extremely sound" with shareholders' funds of 2.7 billion sterling and a debt to assets ratio unchanged at 40%.
The group, the UK's third largest listed property group, which owns 100% of Capital Shopping Centres and Capital & Counties, said on Wednesday its unutilised committed long term bank facilities amounted to 705 million sterling at June 30 2003.
"We therefore have both the capital and the resources to continue our successful and tightly controlled business expansion," it added.
I-Net Bridge
Publisher: Business Day
Source: Business Day
Liberty's 'financial position is sound'.
Posted On Wednesday, 16 July 2003 02:00 Published by eProperty News
UK property group Liberty International, which has a dual listing in South Africa, says its financial position remains "extremely sound" with shareholders' funds of 2.7 billion sterling and a debt to assets ratio unchanged at 40%.
Latest from eProperty News
- Love and property: a homebuying guide for couples
- From Civic Landmark to Collaborative Hub: A New Era for Muizenberg’s Post Office
- Growthpoint breaks ground on Tecoma Park, Cornubia, advancing its local logistics strategy
- Rosebank Mall adds Livo to its lifestyle line-up
- 166 sectional title units in the iconic Parktonian Hotel, located in the heart of Braamfontein, Johannesburg
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.