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Billionaire Guy Hands’s property firm sells military homes to MoD for £6bn

  • Annington, a property company linked to Guy Hands, has agreed to sell 36,000 military homes to the UK Ministry of Defence (MoD) for £6bn.
  • The deal ends a long-running battle between Annington and the government.
  • The sale amount is almost twice what Hands's company, Terra Firma, paid for Annington over a decade ago.
  • The MoD expects to achieve savings of approximately £230m annually through this deal.

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