Government facing enormous rent rise as property fund managed by Guy Hands ends discount The Ministry of Defence has lost up to £4.2bn through a decision to sell off military housing in 1996, according to a report by the National Audit Office.
The MoD decided to sell more than 55000 service family homes to Annington Property Limited more than two decades ago in return for £1.66bn in cash upfront. Continue reading...
Source: guardian.co.uk