Liberty International
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| Type | Public (LSE: LII) |
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| 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.
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[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
- ^ Sir Donald Gordon - CV
- ^ Liberty International - Businesses
- ^ Liberty International Annual Report 2007
[edit] External links
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