The Qatar Investment Authority, which with Canada’s Brookfield Group is bidding for Songbird Estates, has informed the latter’s chairman about what it believes is a conflict of interest involving Songbird’s financial adviser, Rothschild.
At issue is the role of Alex Midgen, a property banker at Rothschild, who is the representative on the board of Songbird for Simon Glick, the second-largest shareholder in the company, and is also advising the board of Songbird.
Songbird’s board have dismissed the complaint.
The deadline for the consortium to enter a firm offer for Songbird, which controls Canary Wharf, expires on Thursday.
http://www.thetimes.co.uk/tto/business/industries/construction-property/article4283286.ece (£)
