Annington Homes

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Annington Limited
Terra Firma Capital Partners
Websitewww.annington.co.uk
Footnotes / references
[1][2]

Annington Homes is a provider of privately rented homes in the United Kingdom,[3] specialising in converting former Ministry of Defence (MoD) housing for the general public since 1996.[4] Since 2012, the company has been a wholly owned subsidiary of Terra Firma Capital Partners.[3]

In 1996, the MoD sold all its housing for military personnel and their families, 57,400 properties, to Annington Homes for £1.67bn as part of a broader process of privatisation of state assets, making Annington the largest owner of residential property in England and Wales.

First Sea Lord, said the armed forces had failed to understand the long-term consequences of the deal at the time it was made.[3] In 2022, the MoD announced plans to use the Leasehold Reform Act 1967 to reverse the privatisation deal and return the properties to public ownership.[5] Terra Firma said it would challenge the decision in court.[5]

References

  1. ^ "Directors Profile". Retrieved 14 July 2020.
  2. ^ "Companies House Company Profile". Retrieved 14 July 2020.
  3. ^ a b c d e f g h i Watt, Holly (25 April 2017). "How the MoD's plan to privatise military housing ended in disaster". The Guardian. Retrieved 2 December 2018.
  4. ^ "Empty MoD homes 'cost millions'". BBC. 6 March 2008. Retrieved 2 December 2018.
  5. ^ a b Kollewe, Julia (27 January 2022). "MoD seeks to buy back 38,000 homes leased from firm run by billionaire". The Guardian. Retrieved 2 April 2022.

External links

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