Proposal by company owned by Guy Hands’ Terra Firma had been contingent on MoD dropping plan to wrest back ownership
A property company owned by Guy Hands’s private equity firm Terra Firma has withdrawn a £105m offer to repair the “appalling” military homes that it owns and is leasing back to the Ministry of Defence.
The proposal by Annington Homes, which owns about 38,000 service properties, had been contingent on the MoD dropping its attempt to forcibly buy-back the estate sold to the firm in 1996.
Proposal by company owned by Guy Hands’ Terra Firma had been contingent on MoD dropping plan to wrest back ownershipA property company owned by Guy Hands’s private equity firm Terra Firma has withdrawn a £105m offer to repair the “appalling” military homes that it owns and is leasing back to the Ministry of Defence.The proposal by Annington Homes, which owns about 38,000 service properties, had been contingent on the MoD dropping its attempt to forcibly buy-back the estate sold to the firm in 1996. Continue reading…
