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The Guardian - UK
The Guardian - UK
Business
Jack Simpson

Billionaire Guy Hands’ property firm takes housing reforms to European court

Guy Hands pictured in front of blooms of flowers
Guy Hands, billionaire founder of Terra Firm private equity firm. Photograph: Guy Bell/Shutterstock

A property company linked to the billionaire Guy Hands has taken a legal fight with the UK government to the European court of human rights over fears it could lose significant sums as a result of planned housing reforms.

Annington Property, which is an intermediate leaseholder and has a 999-year lease on about 38,000 military homes, has filed the claim against the housing minister, Angela Rayner, over concerns that the new Leasehold and Freehold Reform Act could potentially affect the value of some of the homes if the government took them back. . Last month it launched a challenge in the high court on the same grounds.

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