Lawyers seek £40m from Gren­fell-style cladding claims

Daily Express - - CYSTIC FIBROSIS SCANDAL - 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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