Liberty International

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Liberty International
Type Public (LSE: LII)
Founded 1980
Headquarters London, England, UK
Key people Patrick Burgess, (Chairman)
David Fischel (CEO)
Industry property
Products shopping centres, commercial & residential property
Revenue £374 million (2007)
Operating income £129 million (2007)
Net income £(105) million (2007)
Employees 833 (2005)
Website www.liberty-international.co.uk

Liberty International (LSE: LII) is British property investment company. Formerly a plc, it switched to Real Estate Investment Trust status when REITs were introduced in the United Kingdom in January 2007. It is a constituent of the FTSE 100 Index.

Contents

[edit] History

The Company was established by Sir Donald Gordon in 1980 under the name of Transatlantic Insurance Holdings plc as an offshoot Liberty Life Association of Africa, a business he had founded in 1957.[1] The Company developed into a leading life assurance business in the 1980s, diversified into property investment in the 1990s and more recently has divested its life assurance business.

[edit] Operations

The company operates through its two principal subsidiaries: Capital Shopping Centres and Capital & Counties.[2]

The Capital Shopping Centres subsidiary owns Braehead in Glasgow, Eldon Square in Newcastle upon Tyne, The Harlequin in Watford, the MetroCentre in Gateshead and a number of other UK shopping centres.

The Capital & Counties subsidiary owns much of Covent Garden in London: it invests in both residential and commercial real estate in the UK and also in California.

As at 31 December 2007 the Company's property portfolio was valued at £8.6bn.[3]

[edit] References

  1. ^ Sir Donald Gordon - CV
  2. ^ Liberty International - Businesses
  3. ^ Liberty International Annual Report 2007

[edit] External links

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