Persimmon PLC Persimmon signs UK Government's Developer Pledge (3156H)
05 Avril 2022 - 12:04PM
UK Regulatory
TIDMPSN
RNS Number : 3156H
Persimmon PLC
05 April 2022
5 April 2022
Persimmon plc
("Persimmon" or "the Group")
Persimmon signs UK Government's Developer Pledge
Following constructive discussions with the Department for
Levelling Up, Housing and Communities ("DLUHC"), Persimmon is
pleased to announce that it has signed DLUHC's Developer Pledge
("the Developer Pledge") which sets out the industry's commitments
to removing cladding and remediating fire safety issues in
buildings over 11 metres.
The Developer Pledge's commitments are consistent with the
approach already announced by Persimmon in February 2021. Persimmon
led the industry when we announced early last year our commitment
to protect leaseholders from the costs of cladding removal or the
remediation of fire related safety issues on the small number of
multi-storey buildings we constructed.
Specifically, the Government's Developer Pledge commits
developers to:
-- Address life-critical fire-safety issues on all buildings
of 11 metres and above in England developed by the Group
in the 30 years prior to 5 April 2022;
-- Not to claim any funds from the Government's Building Safety
Fund.
As well as being consistent with the commitment Persimmon
announced in February 2021, we continue to believe that the GBP75
million provision set aside for the rectification works remains
appropriate.
Persimmon has also previously announced that it will not claim
from the Government's Building Safety Fund.
Of the 33 developments identified by Persimmon as likely to
require remediation work, four have now secured successful EWS1
certificates and the Group is working closely with the management
companies and agents of the remainder to complete any necessary
works as soon as possible.
Dean Finch, Group Chief Executive said:
"Over a year ago we said that leaseholders in multi-storey
buildings Persimmon constructed should not have to pay for the
remediation of cladding and fire related issues. We are pleased to
reaffirm this commitment today and sign the Government's Developer
Pledge.
"We made this commitment last year as we believed it was not
only fair for leaseholders but also the right thing to do as one of
the country's leading homebuilders. We are pleased that we were
able to work constructively with the Government to secure this
agreement."
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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