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The Latest Breaking News from Annington

MoD strikes £6 billion deal to buy back more than 36,000 military homes

Defence Secretary John Healey said it was a ‘decisive break’ with the failed privatisation process.

Evening Standard · Dec 17, 2024

Billionaire Guy Hands’ property firm sells military homes to MoD for £6bn

Terra Firma’s sale of 36,000 properties ends legal fight with government over recent housing reforms

The Guardian - UK · Dec 17, 2024

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

Annington Property fears recent legislation could potentially affectthe value of some of the 38,000 UK military homes it holds

The Guardian - UK · Sep 19, 2024

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Private equity pioneer Guy Hands to leave Terra Firma ‘when I’m 64’

Dealmaker and ardent Brexit critic to leave senior posts at firm he founded more than 20 years ago

The Guardian - UK · Jul 21, 2023

UK government wins right to take back control of military homes worth £8bn

High court deals blow to Guy Hands’s Annington Property with ruling that privatisation was ‘bad deal’

The Guardian - UK · May 15, 2023

Guy Hands firm challenges MoD over controversial £8bn property estate

Annington Property launches judicial review arguing ministry does not have right to take back houses after ‘disastrous’ sell-off

The Guardian - UK · Feb 13, 2023

Firm backed by billionaire withdraws £105m offer to repair military homes it owns

Proposal by company owned by Guy Hands’ Terra Firma had been contingent on MoD dropping plan to wrest back ownership

The Guardian - UK · Nov 7, 2022

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MoD given ultimatum to drop legal action against firm run by billionaire

Ministers have two weeks to accept one-off payment instead of taking over 38,000 military homes from Guy Hands’ Annington

The Guardian - UK · Feb 2, 2022

MoD has two weeks to avoid legal action, warns army homes firm Annington

The Government said last week that it was exploring whether it would be possible to take back ownership of the homes.

The Independent UK · Feb 2, 2022

Taxpayers lost billions on MoD housing – so I can’t feel sorry for Terra Firma

Privatisation mania in the 1990s led to a disastrous deal with Guy Hands – ministers are right to try to rectify the situation

The Guardian - UK · Jan 27, 2022

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

Guy Hands and Annington Homes, rather than taxpayers, benefited from soaring UK property market after 1996 privatisation

The Guardian - UK · Jan 27, 2022

Markets rebound as US economy records fastest growth since 1984 – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK · Jan 27, 2022

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