Persimmon mainly builds traditional family homes rather than high-rise blocks. But Housing developer Persimmon has made a provision of £75m after identifying 26 tall buildings that may need to be recladded.
The firm accommodates in its 2020 accounts to cover the costs of fixing or replacing flammable cladding. Persimmon has identified nine high-rise buildings over 18 metres that it built where, in-line with government guidance, cladding may need to be removed.
Persimmon does not own any of the high-rise buildings and the legal responsibility and duty to ensure the building is safe rests with the current owners, it said. However, it is ready to pay for the work if no one else will, the company said.
Persimmon has also identified 17 buildings below the 18 metres threshold “that may be fitted with cladding requiring detailed investigation”. It is now writing to building owners and management companies to inform them of the findings of its review and to agree next steps.