Left-wing Mr Lansman, who set up Momentum to support his close friend Jeremy Corbyn’s leadership bid in 2015, has always distanced himself from Foundation Property & Capital (FPC), the firm set up by his brother Stephen Lansman and of which his son Ben is a director.
Yet a Sunday Express investigation has found that Mr Lansman’s company Ortonovo, which also runs Corbyn-supporting Left Futures, has lent more than £500,000 to a subsidiary of FPC.
Companies House documents show that Mr Lansman owns more than 75 per cent of the shares of Ortonovo, which in turn owns a 43 per cent stake in FPC Convenience No1 Limited, one of FPC’s four investment funds.
The paperwork shows Ortonovo invested £565,627 in FPC Convenience No1 Limited last year, making a profit of £111,911.
Mr Lansman has a six-figure stake in an investment firm which speculates on the property market
After decades in the wilderness, the promised land is not far off
Companies House documents relating to FPC also show the half a million pound investment made by Ortonovo.
Curiously, both companies share the same registered address in London’s Soho.
Describing itself as “unashamedly opportunistic”, FPC was originally set up by Mr Lansman’s father Bernard in the 1990s.
The revelation comes after the Sunday Express exclusively revealed FPC’s involvement in opening a string of McDonald’s drive-thru restaurants in September.
Mr Lansman has previously called FPC ‘an entirely ethical company’
This emerged just weeks after Momentum launched a mass campaign against the “appalling working conditions” in the fast food giant.
In 2014 Mr Lansman’s Left Futures think tank criticised “goliath corporations like McDonald’s” for “boosting its mega profits by forcing 90 per cent of its workforce to live on zero-hours”.
The Momentum constitution names Left Futures as affiliated.
The revelations will heap yet more embarrassment on privately educated Mr Lansman, who once worked as “chief-fixer” for staunch left-winger Tony Benn.
Mr Lansman’s company Ortonovo has lent more than £500,000 to a subsidiary of FPC
Last month it was revealed that the privately-wealthy 60-year-old set up Momentum from a multimillion pound property at Butler’s Wharf on London’s South Bank, with sweeping views of Tower Bridge.
The Thames-side landmark, where a four-bedroom penthouse is on sale for £6.25million, was converted from a warehouse into high-end flats in the 1980s and has provided a pied-a-terre to assorted City bankers, top lawyers and plutocrats ever since.
Mr Lansman has announced he is going to stand for Labour’s ruling National Executive Committee despite his champagne socialist credentials.
The move is widely being seen as a power grab, to push moderates out of the Labour Party and replace them with Momentum hardliners.
Mr Landsman’s Twitter page reads: “After decades in the wilderness, the promised land is not far off”.
The FPC website proudly states it “asset manages a portfolio of Little Chefs, through two tenant administrations, securing over 100 transactions to date, including multiple lettings to McDonald’s and Starbucks”.
Momentum recently bragged that an online video it made for £30 was watched by a quarter of McDonald’s UK employees.
It shows zero-hours workers with burns on their arms, complaining about being short-staffed and a lack of first aid training.
Another FPC venture was the sale of a homeless hostel in central London for £22.5million, with the loss of 170 beds.
In 2014 Mr Lansman’s Left Futures think tank criticised ‘goliath corporations like McDonald’s’
In 2015 the company was reported to be advertising “tax efficiency” opportunities for the rich, including the ability to “shelter income tax for the first two years of investment,” and was shown to have once struck a deal that involved using a “special purpose lending vehicle” – effectively a subsidiary company – set up in the tax haven of Luxembourg.
Mr Lansman has previously said FPC “is an entirely ethical company.
“I have absolute confidence in that.
“Neither my brother or my son have anything to do with any of my political activities.”
He did not respond to a request for comment.