Property Week: Meet the Upstarts
Posted by Mark on 13th Sep 2013
We are delighted and honoured to have been selected as PW as one of the UK's 10 property companies that have "have not only survived the crisis, but have taken full advantage of Britain’s changing economy."
We're in great company with companies such as Brockton Capital, Crosstree, Quadrant and my old colleagues Darrly and Scott from Essential Living.
This is our entry:
Shopping Smart: Ellandi
Founded in 2008 by partners Mark Robinson, a retail property investor, and Morgan Garfield, a former banker, shopping centre specialist Ellandi has repeatedly acquired single assets through distressed debt since the crisis. It concluded the UK’s first “loan to own” acquisition of a shopping centre in 2009, and has now repeated several turnaround deals.
- Portfolio size Around £250m of high-yielding multi-let assets, predominantly shopping centres.
- Whom to know Founding partners Mark Robinson and Morgan Garfield.
- Strategy To acquire high-yielding shopping centres that can be improved through intensive asset management and investment. It is experienced in acquiring assets through buying debt, companies and conventional property transactions and is backed by financial institutions such as Tristan Capital, Rockspring and Development Securities.
- Standout DealThe UK’s first “loan to own” acquisition of a shopping centre in 2009, the Crown Glass Centre in Nailsea.
Source: Property Week