Lendlease recladding costs soar to £151m

A major hike in the expected cost of remediating legacy hire-rise buildings for fire safety in the UK has plunged global construction group Lendlease into the red.
The firm has dramatically raised the anticipated cost of recladding buildings by nearly 50% to £151m since signing the Government safety pledge just after the 13 March deadline set by housing secretary Michael Gove.
Lendlease revealed its latest estimate in disappointing group results for the year to June 2023.Tony Lombardo, Len