Daily Express

Lawyers seek £40m from Grenfell-style cladding claims

- By David Harding

LAW firms are set for a £40million bonanza through class action legal claims over Grenfell-style cladding, it emerged yesterday.

The outcome of a landmark case being brought by residents at a London tower block for compensati­on to cover the “distress and inconvenie­nce” of living in flats wrapped in combustibl­e cladding is being closely watched – with some developers warning it could lead to a flood of similar claims.

Residents at New Capital Quay in Greenwich have already won an agreement from new-build insurer the National House Building Council to pay for replacing the cladding at the developmen­t.

But some leaseholde­rs have since signed up to a group action to claim additional losses such as loss of income and reduction in property values.

A letter from Leigh Day, the law firm representi­ng them, says they could receive £3,000 each for distress and inconvenie­nce alone.

Phil Stewardson, of Stewardson Developmen­ts, a property investor and developer, said: “This is a real worry and you can already see it happening in other areas where law firms can lump together claims under a no win, no fee arrangemen­t.”

In the case of New Capital Quay, the largest developmen­t in Europe which is affected by such cladding, made up of 11 towers blocks and nearly 1,000 flats, 58 residents have joined a claim against the developer Galliard Homes and the site’s landlord Roamquest Limited for additional losses related to the cladding and the works to replace it.

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