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Terra Firma acquires UK armed forces properties

20 Nov 2012 12:00 AM | Anonymous

Private equity firm Terra Firma has acquired a contract to run UK armed forces accommodation for £3.2 billion.

Terra Firma is in the process of buying Annington Homes who own the MOD housing property, the deal is expected to be completed by the end of the year.

The acquisition marks the largest UK purchase by the firm during 2012 and will see the firm control properties belonging to more than 40,000 armed forces families.

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