Firm one of 11 to miss last Monday鈥檚 original deadline
Developer Lendlease has signed the government鈥檚 cladding contract, the company has announced.
The Department for Levelling Up, Housing and Communities confirmed this morning the Australian company had committed to fixing tower block safety defects, after missing last Monday鈥檚 deadline.
In a statement, the company said: 鈥淎s a responsible global developer and investor we鈥檝e always maintained that leaseholders shouldn鈥檛 be held liable for remediation costs and advocated for an industry wide solution encompassing all of the supply chain.
鈥淥ur board met this week and confirmed the company has signed up to the UK government鈥檚 developer remediation contract.鈥�
The contract requires developers to resolve building safety issues on blocks where they have had any involvement, through building or refurbishing, in the last 30 years.
Last month, Lendlease said it would set aside 拢114m to pay for remediation of affected blocks, most of which it had inherited from its purchase of Crosby Homes in 2005 from the Berkeley Group.
Lendlease joins Telford Homes and London Square, and Anglo-Irish housebuilder Ballymore, in signing the contract after last week鈥檚 deadline. Another firm, the Emerson Group, which includes Jones Homes, has said it will sign up 鈥渋mminently鈥�.
Housing secretary Michael Gove last week threatened to put the 11 housebuilders who missed last Monday鈥檚 deadline 鈥渙ut of the housebuilding business entirely鈥� unless they signed up.
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