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Buy-to-let property portfolio sold for over £250m

Buy-to-let landlords Fergus and Judith Wilson have agreed the sale of their portfolio of around 900 homes in Kent to a foreign consortium for a sum in excess of £250m.

The Wilsons could make a profit of upwards of £170m on the deal. Mortgages on the properties are believed to have totalled around £80m.

Fergus Wilson said the sale would have no impact on existing tenants.

Click here for the full Times article (£)

Click here and here for the full FT articles (£)

The Daily Telegraph, p. 19

The Guardian, p. 33

 

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