Taylor Wimpey, one of the UK’s biggest housebuilders, has set aside £125m to replace cladding and carry out other fire safety work on its apartment buildings after huge flaws were uncovered in the wake of the 2017 Grenfell fire. We have taken this decision in order to provide certainty for customers and leaseholders and to avoid them bearing the cost of investment to ensure their buildings are safe,” said Pete Redfern, the chief executive. Many leaseholders have been left with unreasonably large bills to ensure their properties are safe and in line with post-Grenfell fire safety standards.” […] Following new government guidance on fire safety improvement requirements issued last month, Taylor Wimpey has identified a further 232 apartment buildings that may require fire safety work. […] Sign up to the daily Business Today email For buildings owned by Taylor Wimpey, the company will fund and oversee fire safety work, regardless of whether they are eligible for the government’s building safety fund.
Click here to read the full article