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The Guardian - UK
The Guardian - UK
Politics
Julia Kollewe

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

Annington Guy Hands Terra Firma United Kingdom
Guy Hands, the founder of Terra Firma
Guy Hands, the founder of Terra Firma, which took over Annington Homes in 2012. Photograph: Bloomberg/Getty Images

The 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 a company run by the private equity firm of the billionaire 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.

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