Covid and cladding costs hit Watkin Jones for £21m

By Dave Rogers2020-11-06T13:30:00

Watkin Jones Hove Gardens - External C01

Firm pays back £800,000 furlough cash

Student accommodation and build to rent specialist Watkin Jones has warned it is having to make a provision of £21m to cover the costs of covid-19 and cladding remedial work.

In a trading update for year ending 30 September, the firm said it had forked out £6m because of disruption caused by the pandemic while cladding replacement costs were set to hit £15m.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community