Lendlease says cladding repair bill will be north of £100m as firm puts figure on cost for first time

lendlease

Source: Shutterstock

Amount relates to Crosby Homes business firm bought 18 years ago

Lendlease has made a AUS$200m provision to cover the cost of cladding repair work as ordered by the government on residential schemes 11m and above.

The figure, which at today’s exchange rate is the equivalent of £115m, was revealed in its latest interim accounts which the Australian firm published overnight. It is the first time the firm has put a number on what it expects to have to pay to carry out remediation work.

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