Persimmon PLC Persimmon Acts to Address Legacy Cladding Issues (5360O)
10 Febbraio 2021 - 8:00AM
UK Regulatory
TIDMPSN
RNS Number : 5360O
Persimmon PLC
10 February 2021
10 February 2021
Persimmon plc
("Persimmon" or "the Group")
Persimmon Acts to Address Legacy Cladding Issues
Following a review of past projects, Persimmon is today
announcing a financial commitment to address cladding safety issues
in its legacy development portfolio.
As first and foremost a builder of traditional family homes, the
Group has not been a major developer of high-rise buildings. We
believe we account for less than one percent of all high-rise
developments. However, in the past we have built multi-storey
buildings which met all the fire safety rules and regulations in
place at the time, but which used cladding materials which may now
be considered unsafe and require removal.
The Group believes strongly that it has a responsibility to step
forward and tackle this issue head-on. Persimmon has therefore made
a provision of GBP75 million in its 2020 results to pay for our
contribution to any necessary work on 26 buildings that may be
affected by the cladding issue.
Persimmon has identified 9 high-rise buildings over 18 metres
built by the Group where, in-line with government guidance,
cladding may need to be removed. Persimmon does not own any of
these buildings and the legal responsibility and duty to ensure the
building is safe rests with the current owners. Persimmon will
provide technical support to ensure the building is made safe.
However, if a building owner fails to step up and accept their
responsibilities, Persimmon stands ready to provide the support
necessary to make sure the work is done.
For buildings below 18 metres in height the Government has
recommended a risk-based approach. The Group has identified 17
buildings below 18 metres that may be fitted with cladding
requiring detailed investigation. Where Persimmon owns the building
it will, of course, lead this work. Where the Group no longer owns
the building, it will support the owners and other parties in their
efforts to ensure the buildings are safe for residents. Once again,
should a building owner fail to meet their obligations, Persimmon
stands ready to provide the support to make sure this happens.
The Group is in the process of writing to building owners and
management companies ('Factors' in Scotland) to inform them of the
findings of its review and to agree next steps. It is the Group's
intention to progress matters as swiftly as possible, minimising
uncertainty and concern for residents.
Roger Devlin, Chairman of Persimmon, said: "The concern around
now banned cladding is affecting many thousands of homeowners who
live in high-rise buildings right across the country.
"At Persimmon we believe we have a clear duty to act to address
this issue. So today we are setting aside GBP75 million towards any
necessary cladding remediation and safety work in 26 developments
we built. Where we still own the building we will act. Where we no
longer own them we will work with the owners to make sure they meet
their legal responsibilities and duty. If the owner does not step
up then we will act to remove uncertainty and anxiety for residents
and make the buildings safe.
"This is a decision which we believe is not only right for
residents but also the right thing for us to do as one of the
leading housebuilders in the UK. We want Persimmon to be a business
with a long-term, responsible and sustainable future and hope our
actions today demonstrate a clear commitment to these values."
Notes
We have established a dedicated national Freephone helpline
number - 0800 915 0100 - which residents can call for more
information. Alternatively, details can be registered via a
webpage: www.persimmonhomes.com/claddingenquiries
For further information, please contact:
Persimmon
Anthony Vigor, Group Director of Policy and External Affairs
Tel: +44 (0)7767 425822
Citigate Dewe Rogerson
Kevin Smith / Jos Bieneman
Tel: +44 (0)20 7638 9571
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