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

Posted on September 19, 2024 by Admin

Annington Property fears recent legislation will force it to offload some of the 38,000 freeholds it owns on UK military homes

A property company founded by the billionaire Guy Hands has taken a legal fight with the UK government to the European court of human rights over fears it 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 the housing minister, 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.

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

Posted on July 21, 2023 by Admin

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

Private equity tycoon Guy Hands referenced a Beatles song as he informed staff of his decision to leave the buyout firm he founded two decades ago.

The billionaire dealmaker told staff on Friday he would leave the posts of chairman and chief investment officer at Terra Firma Capital Partners in August, drawing to a close a high-profile, chequered career.

Tory backer says UK economy is ‘frankly doomed’ without Brexit renegotiation

Posted on October 24, 2022 by Admin

Guy Hands says Conservatives are putting country ‘on a path to be sick man of Europe’

The billionaire businessman Guy Hands has accused the Conservatives of putting the UK “on a path to be the sick man of Europe”, as he issued a series of stark predictions about what could lie ahead for the post-Brexit economy, including higher taxes and interest rates and fewer social services.

The founder and chair of the private equity firm Terra Firma, a longtime Tory supporter, called for the government to renegotiate Brexit, stating that otherwise the British economy was “frankly doomed”.

The foreign royals and billionaire tax exiles collecting UK’s furlough millions

Posted on March 19, 2021 by Admin

Read the list of super-rich claimants, from Saudi princes to Dubai monarchs, tax exiles to the UK’s richest

UK furlough scheme pays out millions to foreign states and tax exiles

Glympton Park is a sprawling, 2,000-acre estate featuring an 18th-century stately home, nestled in the verdant Oxfordshire countryside near Woodstock.

It was bought for £8m in 1992, by Prince Bandar bin Sultan bin Abdul Aziz al-Saud, the senior Saudi royal whose past roles include ambassador to the US. He is said to have spent £42m on renovations, including a pheasant shoot and bullet-proof glass on the driveway to thwart would-be assassins.