Housebuilders Barratt and Redrow face bumper bills over cladding works
Workmen start to remove cladding on a building Housing giants Redrow and Barratt are facing hefty bills after pledging to carry out more fire safety works in the wake of the Grenfell tragedy. FTSE 100 firm Barratt became the latest firm to promise improvements to the Government on Wednesday […]Click here to view original web…
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The Government has won its battle to get developers to pay to fix cladding on three decades worth of buildings . Five of the top 10 British builders have now signed up to a new fire-safety pledge that commits them to remove dangerous cladding from buildings built in the […] Click here to view original…
Cladding repair bill stands at £1.2bn as housebuilders sign up to fire safety pledge
Housebuilders have signed up to the government’s fire safety pledge following the Grenfell Tower fire in 2017. (Photo by Leon Neal/Getty Images) The total cost for cladding works for the big nine listed housebuilders has hit £1.2bn, as London-listed firms sign up to a government fire safety pledge. According […] Click here to view original…
Housebuilders can recover now cladding costs are known suggests Citi
“Bellway, Taylor Wimpey and Barratt are the best bets for a relative re-rating on a year’s view” Citigroup is forecasting a bounce back for shares in the housebuilders’ sector now that the costs of cladding repair work are starting to be known. Shares across the sector have dropped by […] Click here to view original…
Cladding works set to cost housebuilder Redrow £200m
Contractors work on a high-rise building Housebuilder Redrow has set aside a further £164 million after vowing to carry out more first safety works in the wake of the Grenfell Tragedy. It will take the cost of the firm’s fire safety provisions to £200 million. Redrow has become one […] Click here to view original…
Cladding works set to cost housebuilder Redrow £200m
Housebuilder Redrow has set aside a further £164 million after vowing to carry out more first safety works in the wake of the Grenfell Tragedy. It will take the cost of the firm’s fire safety provisions to £200 million. Redrow has become one of the latest firms to sign […] Click here to view original…
Redrow sets aside extra £164m for cladding work
Redrow has become the latest housebuilder to set aside more money to fix dangerous cladding after signing up to the government’s new Building Safety Pledge. The group said it has added some £164million to its provisions, taking the total to £200million. The cash will be used to work on […] Click here to view original…
Redrow’s cladding work bill grows by another £164m as more housebuilders sign up to government high-rise fire safety guidelines
Redrow has become the latest housebuilder to set aside more money to fix dangerous cladding after signing up to the government’s new Building Safety Pledge. The group said it has added some £164million to its provisions, taking the total to £200million. The cash will be used to work on […] Click here to view original…
More developers count the cost of cladding pledge
22 minutes Redrow and MJ Gleeson are the latest housing developers to come out and declare that they have signed the government’s pledge to fix fire safety issues on 30 years of building stock. For Redrow, the costs of remediation have soared to £200m as a result of the […] Click here to view original…
Redrow pledges £200m to address unsafe cladding
Redrow House in St David’s Park in Ewloe, Flintshire Housebuilder Redrow is pledging £164m to rectify unsafe cladding on schemes that it has been involved in historically. The further funding takes the cost of the Flintshire-headquartered firm’s total provision to tackle safety concerns on buildings to £200m. Flintshire headquartered […] Click here to view original…
Cladding works set to cost housebuilder Redrow £200m
Contractors work on a high-rise building Housebuilder Redrow has set aside a further £164 million after vowing to carry out more first safety works in the wake of the Grenfell Tragedy. It will take the cost of the firm’s fire safety provisions to £200 million. Redrow has become one […] Click here to view original…
Major British Housebuilders Pledge to Remove Flammable Cladding
Sponsored by Insurance Journal Subscribe to Newsletter Four major British housebuilders have signed a government-backed safety pledge to remove flammable roof coverings from buildings which came into focus after the deadly Grenfell Tower fire in London. The country’s second-largest and third-largest homebuilders, Persimmon and Taylor Wimpey, said on Tuesday […] Click here to view original…