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Old 10th October 2003 | 21:21
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Nil nos tremefacit
 
Joined: May 2000
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TVM

Looking for more details on sale prices of properties thus far disposed of. Most of you will know that the properties were sold at a bargain basement price that equates to a fraction of the value at the time.

Any details on Lyneham, Catterick, Little Riss etc?

The difference in the purchase and sale price equates to the loss to the taxpayer. Many properties were refurbished at public expense and then sold off at a massive profit to Annington. It is a joke that Annington should buy the housing, lease it back and then, after it has been refurbished and handed back, make a massive mark up. There appears to be little benefit to the taxpayer and a large benefit to the Annington group.
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