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TODAY'S OTHER NEWS

Wilsons sell up to foreign consortium

Fergus and Judith Wilson, have sold their property empire of hundreds of homes in Kent to a foreign consortium for more than £250m, according to The Guardian.

In a statement to the newspaper, Fergus Wilson said: “We reached an agreement today with a consortium of buyers to sell our entire portfolio for a figure exceeding £250m. The consortium is foreign and not of any one specific nationality.”

He said prices for houses on his estates “have been rising due to the shortage of available properties on the market”, but added that he had “taken steps to ensure the property prices in Ashford, Maidstone and Folkestone are not adversely affected” and that the sale would make no difference to existing tenants.

The Wilsons have been building their property empire since the mid-1990s and at one point the couple were buying several homes a day.

The couple have been at the centre of several controversies, the most newsworthy being in January 2014 when they announced they would be evicting all their tenants on housing benefit, preferring to let to eastern Europeans instead.

  • Peter Lassman

    This is an amazing couple, they have done what we all aspire to do, which is Be Successful. They deserve their payout and should enjoy their Retirement, though I dought they will sit still for long. Despite statements in the past regarding their decisions in the past about mass Evictions etc, and let's be honest, as a Landlord if the Rents don't get paid the Bills don't get paid and the Houses go, it shouldbe remembered that this couple built their Empire with their Business decisions and those decisions laid the Foundations for building their Business.
    Well Done A small aspiring Landlord from Kent , Peter

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