27 May 2018
The Sell Off Of House Managers Flats, An Act Of Desperation?
Following the announcement of the sale of 277 house manager flat leaseholds to Residential Secure Income, sources close to Firstport have revealed that as part of the deal that raised £31m (without which Firstport would have collapsed into administration) Firstport agreed to rent back those house managers flats until they could persuade residents to change from having a residential house manager?
This could involve Firstport in having to find over £3m every year purely in rental payments due to Residential Secure Income.
