Quintain's owner, Lone Star, is said to want to sell by early next month and other bids are expected. Hands' acquisition would be through his Terra Firma (registered in Guernsey) property arm Annington formed in 1996 to buy up 57,000 Ministry of Defence Homes.
Of interest to Quintain's Tipi privare rental clients is that recently the National Audit Office (NAO) LINK criticised the deal stating that the MOD had lost out on billions of pounds through the sale and will face further costs through substantial rent increases imposed by Hands' company when a rent freeze ends in 2021.
Nearer to home Hands' company Terra Firma was involved in evicting social tenants from Sweets Way, West Hendon. LINK LINK
Hands made a big loss on EMI LINK and his Four Seasons care homes LINK is in difficulty.
Brent Council is now faced with establishing new partnerships with new owners of both Quintain and Wembley Stadium. It has a lot of eggs in one Wembley basket. They will certainly have to be sharp to keep up with Guy Hands and Shahid Kan!
Hands off, Guy! We dont want your sort in Wembley.
Just make sure he can't sell them back to Brent Council for a 100 years when it all goes "tits up"
Post a Comment