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Edinburgh Council Auctions £3m Property Portfolio of Landlord Mark Fortune
A £3 million portfolio of flats, commercial premises and a house owned by Edinburgh businessman Mark Fortune has been seized and listed for auction to recover unpaid debts. The City of Edinburgh Council initiated the sequestration process under Scottish bankruptcy law.
May 25, 11:12 AM·1m read2 sources
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A £3 million property portfolio belonging to Edinburgh businessman Mark Fortune has been put up for auction to settle outstanding debts. 1 million house located across Edinburgh.
The City of Edinburgh Council started the sequestration process, the Scottish legal term for bankruptcy proceedings, to recover the debts. Properties were seized from Fortune under this legal action.
Several other properties belonging to Fortune were sold by auction last year under the same process. Fortune has maintained extensive property interests across Edinburgh for decades.
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