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Ballymore becomes third developer facing ban to sign post-Grenfell safety pledge
Ballymore has become the latest builder to sign the government’s post-Grenfell developers pledge after being threatened with a ban on building new homes.
The London-based developer was one of 11 companies that initially failed to meet housing secretary Michael Gove’s deadline to sign a contract to fix blocks taller than 11 metres it had developed.
However, in a statement issued late on Friday, Ballymore said it had signed the contract “following final discussions this week with the Department for Levelling Up, Housing and Communities”.
Earlier in the week, Ballymore said it was finalising details on the contract.
Ballymore, which primarily builds and sells homes in London, is part of Irish property development firm Ballymore Group.
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Grenfell contractor company among 11 facing ‘ban’ on building for failure to sign remediation pledge
Over the past five years, it has built around 7,000 homes in the UK and Ireland.
Ballymore’s New Providence Wharf development in east London hit the headlines in 2021 when a serious fire broke out at the 559-home site.
At the time, the 19-storey block was one of the few remaining high-rises in the UK still covered in Grenfell-style aluminium composite material cladding.
In its last full-year to March 2022, the London-based subsidiary reported a pre-tax loss of £36.2m after it booked a £36.9m provision over fire safety remedial work, according to accounts filed at Companies House.
Developers Telford Homes and London Square also signed the pledge since the deadline passed following a warning from Mr Gove.
The eight remaining firms yet to sign as of 17 March are Rydon Homes (whose contracting arm worked on Grenfell Tower), Galliard Homes, Lendlease, Jones Homes, Inland Homes, Abbey Developments, Dandara, and Avant Homes.
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