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

Annington Property fears recent legislation will force it to offload some of the 38,000 freeholds it owns on UK military homesA property company founded by billionaire Guy Hands has taken a legal fight with the UK government to the European court of human rights over fears its could lose significant sums as a result of planned housing reforms.Annington Property, which owns the freehold of about 38,000 military homes, has filed the claim against housing secretary Angela Rayner over concerns that the new Leasehold and Freehold Reform Act could force it to off-load the homes well below market value. Last month it launched a challenge in the high court on the same grounds. Continue reading...

https://www.theguardian.com/media/2024/sep/19/billionaire-guy-hands-property-firm-takes-housing-reforms-to-european-court

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2024-09-19 10:13:07

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