London landlords’ £3bn fire safety repair bill to hit development

London housing blocks shutterstock

The 15 largest housing associations in the captial are spending hundreds of millions of pounds each year on repairs

Investment by London’s largest housing associations in building new homes is going to be inevitably impacted by the nearly £3bn they have allocated to spend on fire safety improvements over the next decade.

Peter Benz, executive director of finance at Network Homes, a member of the G15 group of the largest associations working in the capital said the focus on fire safety improvements will reduce what the bodies are able to spend on other capital investment.

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