Question to the Ministry of Defence:
To ask the Secretary of State for Defence, what estimate his Department has made of the value of the (a) land and (b) housing stock at the sites identified for disposal under the Better Defence Estate strategy.
The Ministry of Defence (MOD) expects to generate £1 billion through the disposal of sites identified under the Better Defence Estate Strategy. The MOD policy is to sell through open competition to achieve the best price.
The MOD currently provides the large majority of its Service Family Accommodation through the Annington Homes Limited portfolio.
When the MOD no longer requires properties, the lease is terminated and the properties are handed back to Annington Homes Ltd. Thereafter, it is for Annington Homes Ltd to decide the future use of the properties.