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.

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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.