Real estate development in the UK has changed in recent years.

Large scale urban projects are now complex long term investments comprising many different components. The core driver of value is the ability to create a sense of place around a retail and residential core.

Few companies in the United Kingdom have the track record of Liberty International in profitably creating such places and it is very well positioned to compete in this sector and deliver important retail-led mixed-use schemes.

To take full advantage of future opportunities, we have formed two new business units combining the existing skill sets of Capital Shopping Centres and Capital & Counties, Liberty International Developments Limited and Liberty International Project Management Limited.

• Liberty International Developments Limited (”LID”)

LID’s mission is to become a leading UK mixed use developer. It spearheads Liberty International’s drive into this sector which includes capitalising fully on large scale opportunities in our shopping centre and urban portfolios whilst identifying new business opportunities.

• Liberty International Project Management Limited (”LIPM”)

To ensure best in class project and construction execution across the Liberty International group, LIPM is responsible for coordinating and executing construction projects on behalf of group companies. It focuses on delivering projects on budget, on time, and meeting all our quality and environmental standards.

The formation of Liberty International Developments and Liberty International Project Management brings greater clarity to our development and construction activities and places Liberty International on a strong footing to compete effectively in mixed use development.