Losses increase at London Square amid ‘unprecedented strain’ caused by building safety delays
Summary
London Square has reported increased losses, which the company attributes to unprecedented strain linked to delays in building safety processes. The article notes that the reported figure does not necessarily reflect the underlying profitability of the business.
Why it matters
Building safety delays can affect development viability, project timelines and the pace of remediation or sign-off on residential schemes. Surveyors involved in due diligence, defect assessment or valuation may need to factor in these delays when advising clients.
Key points
- London Square reported increased losses.
- The company links pressure on results to delays in building safety processes.
- It says the headline figure does not reflect underlying business profitability.
- The issue highlights the commercial impact of building safety-related delays on housebuilders.
Organisations:
London Square, Building Magazine
Locations:
London
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