Student housing and build-to-rent developer Watkin Jones has recorded a pre-tax loss of £16.6m after setting aside £28m for remedial work on buildings, half-year results published today have shown. 

The firm was not asked to sign the government’s cladding pledge but estimated the exceptional charge after deciding to review its buildings over 11 metres tall built in the past 30 years, as a result of the Building Safety Act. It has calculated £28m will be needed over seven years.  

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