Guy Hands, Media, Real estate, Private equity, Business, Ministry of Defence, UK news Business | The Guardian
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…
Terra Firma’s sale of 36,000 properties ends legal fight with government over resent housing reforms
A 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.
