Property News · January 27, 2022

MoD seeks to buy back 38,000 homes leased from billionaire


Guy Hands and Annington Homes, rather than taxpayers, benefited from soaring UK property market after 1996 privatisationThe UK government wants to reverse a controversial privatisation deal by seeking to wrest ownership of 38,000 homes in the Ministry of Defence housing portfolio from the billionaire private equity boss Guy Hands.The move is expected to lead to a legal battle between the MoD and Hands’ private equity firm Terra Firma over whether the government can take back full ownership of the homes. Continue reading…

Source : theguardian.com
Read more…MoD seeks to buy back 38,000 homes leased from billionaire