Housebuilder first to confirm it will ink agreement and estimates cost will be up to 拢120m
Crest Nicholson has become the first housebuilder to announce it will sign a 鈥榩ledge鈥� to remediate mid-rise tower blocks under a proposed deal with the government.
The firm, in a market update today, said the Department for Levelling Up, Housing & Communities (DLUHC) had set a deadline of today (5 April) for housebuilders to confirm they will sign up to the deal. Neither the existence of the pledge nor the 5 April deadline have yet been confirmed by the government, however a housebuilding industry source said DLUHC will announce further details later this week.
In its update, the firm said: 鈥淸Crest Nicholson] has confirmed to DLUHC its intention to sign the building safety pledge, which it believes is in the best interests of the group, taking further steps to support those living in affected buildings.鈥�
