Legacy Small Portfolio Fund (Legacy SPF)
Legacy has introduced a fund for single legacy properties or small portfolios to enable the reluctant landlord to transfer the risks of individual properties to a third party, Legacy. The Legacy Small Portfolio Fund is a separate 'portfolio', designed for companies transferring single surplus leases, or a small number of selected leases, that wouldn't normally constitute a portfolio. The properties can be commercial, retail or industrial, and either fully occupied, partly sublet or vacant.
Legacy SPF provides corporates with:
- a swift and clean exit structure from the liabilities
- a guarantee against all future liabilities
- the removal of any future uncertainty
The outcome allows companies to concentrate on their core business without any distractions or issues arising from surplus property. Legacy offers the 'Reluctant©' Landlord a speedier, more permanent and risk free solution compared to the options of sub-letting or traditional assignment.
