Terra Firma’s sale of 36,000 properties ends legal fight with government over resent housing reformsBusiness live – latest updatesA property company linked to Guy Hands has agreed to sell 36,000 military homes to the UK’s Ministry of Defence for almost £6bn, signalling an end to a long-running battle between the billionaire and the government.Annington will hand over its 999-year lease on the Married Quarters Estate to the MoD and receive £5.99bn in return – almost twice as much as Hands’s company Terra Firma paid for Annington more than a decade ago, but less than the £8bn the homes were valued at last year. Continue reading…
Source link : https://www.theguardian.com/media/2024/dec/17/guy-hands-property-military-homes-mod-terra-firma
Author : Julia Kollewe
Publish date : 2024-12-17 08:31:30
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Billionaire Guy Hands’s property firm sells military homes to MoD for £6bn
