A 19-century Portsmouth fort is to be sold by administrators at KPMG after the collapse of Lexi Holdings and conviction of its former head, Shaid Luqman. Sunday Times

No Man’s Land Fort in the Solent, which is a marker in the Isle of Wight’s round-the-island yacht race, has been converted into a hotel and events and hospitality venue.

It is one of the assets being sold off by administrators at KPMG to recoup up to £100m following the collapse of Lexi after an alleged property fraud.