Liberty International, the numero uno mall owner in Britain, plans to split into two to drive stakeholders' wealth in a better and stronger way. Currently the realtor's portfolio stands at 6.2 billion pounds ($9.3 billion).

The company currently intends to demerge its existing business into two, with one of the new units, Capital Shopping Centres, looking after the shopping centers in the UK and the other one, Capital & Counties, concentrating on commercial properties in Central London. Liberty owns shopping malls across the country.

As per David Fischel, the current Chief Executive of the company, the demerger would help both the new units to unlock higher values over time for the shareholders as compared to what Liberty can do as a single combined entity.

Post demerger Fischel will continue as CEO of Capital Shopping Centres with Ian Hawksworth heading Capital & Countries Properties. The newly formed companies would have portfolios of five billion pounds and 1.24 billion pounds.

While one of the biggest shareholders of the company, the Gordon Family, has already agreed to the move, market commentators are skeptical about the company's stock price in the short-term.