Finance

Ellandi could buy its own assets for Deutsche fund

By 2018-07-13T00:01:00

Bloomfield Shopping Centre_shutterstock_1028461957_cred Mick Harper

Source: shutterstock_1028461957_cred Mick Harper

Managing director says any acquisitions made for £200m joint venture will be ‘completely transparent’.

Ellandi’s managing director Morgan Garfield told Property Week the group may buy shopping centres it co-owns with the likes of Chenavari Investment Management, Tristan Capital Partners, Bridges Fund Management and New York-based finance house Angelo, Gordon & Co.

While Garfield recognised it could be perceived that there was a conflict of interest when buying assets Ellandi has a minority interest in for its DFI fund, he said that the group could overcome such issues and any deals would be completely transparent.

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