Value of London flats slashed by Grenfell-style cladding

Home in New Capital Quay, Greenwich, worth £50,000 rather than £475,000, owner told

A homeowner in a housing complex in London with Grenfell-type cladding has been told the value of her £475,000 home has collapsed and is now just £50,000.

Galliard Homes, the developer of the 11-block complex in New Capital Quay in south-east London, is facing a £30m-£40m bill to replace the cladding and is currently locked in a legal dispute over who should pay.

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16, 2018
Author: Lisa O’Carroll

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