Fergus Wilson sells off his final 300 homes in £90 million deal

first_imgOutspoken landlord Fergus Wilson is to sell the remaining 300 homes within his former 1,000-unit portfolio for £90 million to a housing association in Kent.The 70-year-old landlord recently announced that he was to retire from the property sector and wanted to sell his remaining properties, which are in and around the towns of Maidstone and Ashford.Wilson, together with his partner Judith, has spent the past 27 years building up his empire.The couple have told a local newspaper that they were approached by 20 organisations and investors to buy the properties, but that they chose housing association Golding Homes because it has committed to keeping the current tenants.Very sorry“I shall be very sorry to see the houses go which my wife and I have built up over many years,” he said.“I am not restricting my options but make it clear that a purchaser such as Golding Homes will keep the properties available to rent indefinitely whereas if the portfolio were sold to overseas buyers who knows whether the portfolio would be split up and sold on and current tenants evicted.”The sale is the end game of a three-year plan by the Wilsons to sell their portfolio, which has been sold off in tranches, although this latest deal is believed to be the largest.The final sell-off follows a BBC Panorama documentary featuring Fergus Wilson, during which it was claimed that ‘thousands’ of tenants were facing potential eviction if the Wilsons sold up to a asset-stripping investor and the portfolio was sold off on the open market.Read all our stories about Fergus Wilson. Golding Homes fergus and judith wilson Fergus Wilson March 26, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Housing Market » Fergus Wilson sells off his final 300 homes in £90 million deal previous nextHousing MarketFergus Wilson sells off his final 300 homes in £90 million dealFinal sell-off means Wilson and his wife Judith have sold off properties worth in excess of £250 million since deciding to retire.Nigel Lewis26th March 201906,341 Viewslast_img


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