Apollo’s former partner and current council member Ivar Vendelin also participated in the purchase of Kristiine Center. Since the Apollo group has several tenants in the center, according to Eften manager Viljar Araka, conflicts of interest must be managed.
“Of course, this was a question we discussed with the investors,” Arakas referred to Vendelin’s business interests. However, he does not see a problem, as he has to recuse himself from making a decision when it comes to issues related to Vendelin, Arakas explained in the morning program of Äripää radio.
In addition, Arakas also discussed the situation of the Rocca al Mare center belonging to Citycon, but also talked about EfTEN’s upcoming share issue, as well as the situation of the real estate market and the economy. At the same time, he noted that now is not the best time for the issue and it will be a test of the Baltic real estate market.
Neeme Korv asked.
Arakas: Ivar Vendelin’s business interests were discussed during the purchase of the Kristiine center
Source: www.aripaev.ee
