Legacy Portfolio | Case Studies | Emap Plc Portfolio, May 2008

Legacy Portfolio Case Studies

Legacy Portfolio has been at the forefront of 'principaling' lease liability portfolios since the market developed.


Emap Plc Portfolio, May 2008

In May 2008, Legacy Portfolio acquired its first portfolio from EMAP Plc. The portfolio comprised 14 leases with a gross provision of £4m. The transaction was structured as a sale of a company with the liabilities and reverse premium within it. The work out of the portfolio was completed within nine months and the savings on the provision exceeded 50%. The work out was managed by FraserCRE on behalf of Legacy Portfolio.