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Clarion issues stock market update on fire safety

The UK’s largest housing association has issued an update to investors on fire safety, saying it has completed checks on 186 tower blocks nationwide.

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Clarion issues stock-market update on fire safety

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Clarion Housing Group made the update today in a stock market news alert alongside its financial statements for 2016/17.

While many housing associations are carrying out fire safety checks, the use of a stock market alert to provide an update on asset management is unusual, and potentially indicative of the interest from investors in fire safety following the Grenfell disaster last month.

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Clarion’s update said its programme started with a review of 186 blocks – 6% of its overall stock.

“We have completed comprehensive checks on all of the blocks we own including cladding, the internal safety of these buildings and housekeeping arrangements,” the statement said.

It said group directors have received a full briefing on the work, with staff given additional training on reassuring residents.

Keith Exford, chief executive of Clarion, said: "The safety of our residents is paramount. At Clarion we have put in place a detailed inspection regime in order to ensure our residents are a safe as possible in their homes. We have an excellent team of experts in place and we are doing everything possible to provide reassurance to our residents."

Mr Exford had previously warned the organisation may have to demolish some of its tower blocks in the aftermath of the fire.

Inside Housing reported last month that some lenders had asked for reassurances over the use of tower blocks as security for loans following Grenfell.

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