Second staircase rule costs Vistry £19m

Vistry has revealed that complying with the Government’s second staircase rule on high-rise projects has already cost the business £19m.
Announcing improved annual results this morning, chief executive Greg Fitzgerald said a combination of loss of planned units and extra costs in building extra staircases had already impacted the business last year.
Despite this, Fitzgerald said that Vistry has made strong progress on shifting towards becoming the country’s leading partnership