CEO David Fischel said yesterday the outstanding approvals in respect of the listing status in SA of both Capital Shopping Centres and Capital & Counties had been received and were satisfactory.

Liberty International says that following capital raising last month, it now had more fire power in financial resources to enable it to continue to invest in its existing prime assets.

Liberty International reported that rental income rose 4% in the nine months to September, to £281,3m from £270,5m last year.

A UK market has put pressure on Liberty International, with the property group reporting no growth in its dividends for six months to June.

Listed property funds are moving beyond their traditional source of income, rentals from commercial investment properties.

UK's third biggest property group has concluded a deal that will see it acquiring a stake in two additional prime UK shopping centres.

Experts say move frees cash for core business.

Property group says it has enough UK retail developments to keep it busy for a good deal of the next 10 years

Institutional investors were increasingly attracted to the high-yield stable returns offered by property.

THE surge in UK property giant Liberty International’s share price (both in SA and the UK) since the beginning of May has caught the market by surprise, especially as latest indications are that the UK spending boom is slowing.