Question to the Ministry of Defence:
To ask Her Majesty's Government what savings the Ministry of Defence expected to make out of sales of unwanted service housing and reduction in rent negotiated with Annington Property Ltd for the financial years (1) 2018–19, (2) 2019–20, and (3) 2020–21.
The Ministry of Defence (MOD) is forecasting sales receipts for surplus service family accommodation in the range of £1.75 - £2 million in 2018-19.
No other sales are currently programmed for subsequent years.
As part of the 1996 sale and leaseback arrangement with Annington Property Ltd, the MOD negotiated a 58% discount against market rent. A rent review is due with Annington Property Ltd in 2021.