Kent contractor improves profit despite building safety regs slowing down high-rise starts
Summary
The article reports that Kent contractor RGCM has improved its profit margins, with its bottom line rising by more than half. It also notes that building safety regulations have slowed the start of high-rise projects, affecting the pace of new work.
Why it matters
For residential property surveyors, this points to continued pressure from building safety requirements on the delivery timetable for taller residential schemes. It is relevant to project appraisal, risk assessment and understanding how regulatory delays can affect development pipelines and valuations.
Key points
- RGCM reported stronger margins and a bottom-line increase of more than half.
- Building safety regulations are slowing the commencement of high-rise projects.
- The article suggests regulatory compliance is affecting construction timing.
- Impacts may be felt in the supply pipeline for higher-rise residential schemes.
Organisations:
RGCM, Building Magazine
Locations:
Kent
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