REPUTATIONAL RISK
State-capture tainted Trillian booted out of exclusive Melrose Arch offices
Trillian Capital Partners, the company formerly owned by Gupta lieutenant Salim Essa, has been kicked out of Johannesburg’s most exclusive office space at Melrose Arch because of reputational risk. Amdec CEO and Melrose Arch spokesman James Wilson said on Friday that Trillian had left in March with about a year to go on its lease. Melrose Arch is 75%-owned by Melrose Arch Investment Holdings, which is a subsidiary of Amdec, an unlisted property investment company. "Trillian cancelled their lease by mutual agreement and vacated the premises. We are happy to be rid of them," he said. Wilson said that Trillian had paid about three months of rent in advance and that Amdec would not pursue them for more money. "There were reputation-related risks to keeping them as a tenant. We are not going to try to collect the rest of the rent on the lease and the relationship between us and Trillian has been terminated. "Because of the negative nature of dealings by Trillian, it was in our best inter...
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