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

  • Property company Annington, founded by billionaire Guy Hands, has taken a legal fight against the UK government's housing reforms to the European court of human rights.
  • Annington Property, which owns the freehold of about 38,000 military homes, has filed a claim against the housing minister, Angela Rayner, over concerns that the new Leasehold and Freehold Reform Act could force it to sell the homes below market value.
  • The company has launched these legal challenges to seek clarity on the reforms and has warned that more companies could follow suit.
  • Annington, which bought the military homes in 1996, is appealing against the UK government's decision to take back control of the homes worth £8bn.

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