Watkin Jones slumps into red after setting aside extra £28m for cladding repairs

By Emily Twinch2022-05-17T12:39:00

BTR specialist had already agreed to spend £15m on remediation work

Student housing and build-to-rent developer Watkin Jones nosedived into the red during the first half as the firm said it had set aside a further £28m to cover cladding remediation work on its buildings.

The figure is in addition to the £15m the company set aside for cladding work in 2020.

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