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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