Fladgate advises Marchmont Investment on new £31 million portfolio investment

Our team: Ella Leonard

Fladgate LLP’s investment funds group has advised investment managers, Marchmont Investment Management Limited (Marchmont Investment), on the establishment of Jersey based Marchmont Atlas Portfolio Limited (Marchmont Atlas).

Marchmont Atlas has invested in a mixed commercial, retail, office and light industrial property portfolio, worth in excess of £31m, and located throughout the United Kingdom. Borrowings were secured from an offshore bank. The underlying property owning companies are part of an innovative structure designed to minimise tax leakage through the management of debt between the various entities in the structure and therefore maximise income.

Commenting on the transaction Tim Lumsdon, Investment Manager, Marchmont Investment said: “Fladgate provided comprehensive legal advice on all aspects of the transaction. Furthermore, they performed a vital role in co-ordinating the project team to ensure delivery of Marchmont Investment’s objectives. I hope I will have the opportunity to work with the team again soon on our next transaction.”

Fladgate investment funds group partners Ella Leonard and Philip Turner led the team advising Marchmont Investment.

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