UK PROPERTY group Liberty International has moved to resist rival British Land’s offer for 29,9% of its shares by launching a counter offer for its own shares, the Business Day reports. The move has been funded with more than 500-million in bank debt. Liberty International MD David Fischel told the paper over the weekend the group’s offer for its own shares will be good for all its shareholders as it will raise the group’s net asset value and will resolve uncertainty about its ownership. British Land, the UK’s largest property group, agreed two weeks ago to purchase the 29,9% of Liberty International held by the Liberty Group and Standard Bank Investment Corporation, the paper reports.