Why choose Legacy Portfolio?

Legacy Portolio is a dedicated investor in the emerging market for the purchase of lease liability portfolios.  Over the last three years, we have developed a method of structuring and executing transactions of this nature that leads to significant advantages for both vendor and purchaser.  We have the ambition and capacity to acquire £2bn of gross surplus leasehold liabilities over the next few years and have developed the financial team and infrastructure to achieve this.

We have invested in creating the best proprietary solution for UK companies. Working with our partners, we have modelled over £5 billion of liabilities and worked with a number of companies to resolve their portfolio issues.

The Legacy Portfolio solution is unique in providing the corporate with the comfort of an “AA” credit against any future privity risk. In addition, our expert understanding of corporates' tax position enables us to deliver the correct solution for each portfolio.

Current drivers include:

  • Intensifying rigour of account treatment for onerous liabilities (FRS 12 / IAS 37) and the move towards more transparent accounting provides the impetus to search for solutions to the lease liability portfolio problem

  • Net liabilities attaching to UK leasehold properties that are surplus to the requirements of the previous occupiers are estimated to exceed £100 billion*

  • Organisations are now focusing on the economic and management burden associated with these liabilities

 

 *CORE Report 2004 FraserCRE

"Lease liability portfolios are the legacy of a corporate's past business strategy. Corporates will make the wrong decision for the right reasons when left to manage out their own portfolios and it is our business to provide them with the right exit, one that is finite and economic."
Alexander Anton, Chairman 
"The Legacy Portfolio proposition offers innovative solutions to corporates to mitigate leasehold liabilities - reducing the IAS 37 impact, releasing  capital and other financial resources tied up in often unwanted lease portfolios. This creates liquidity and opportunities for corporates to re-invest in their core business and in the case of financial institutions assists with Basel II compliance."
Louise Verrill, Brown Rudnick LLP

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