51GC Affinity Sut.38

TIDM51GC

RNS Number : 1510L

Affinity Sutton Capital Markets PLC

14 July 2017

Clarion Housing Group - Response to Grenfell Tower Fire

Clarion Housing Group has set out the steps it is taking to ensure fire safety across its taller buildings, following the tragic events at Grenfell Tower in Kensington.

Clarion is able to confirm, following surveys, that there is no cladding of a similar type to that at Grenfell in any Clarion-owned blocks of over 10 storeys.

Following the fire, Clarion decided to take a broader approach than required by the Government and is checking all buildings with cladding in order to fully assess any potential risks.

Clarion is an owner or leaseholder of 186 blocks higher than 18 metres, of which 36 are over 10 storeys. The 36 blocks represent less than 2% of Clarion's overall stock. The inspections of the remaining blocks of 10 storeys or fewer are almost complete and tests are being carried out as required.

Group Chief Executive, Keith Exford CBE says:

"The safety of our residents is at the heart of everything we do. Given this, in our response to the Grenfell tragedy we have made the decision to go further in our testing regime than the Government's requirements. Clarion's financial strength means we are in an ideal position to remediate any safety issues that emerge and will be engaging fully with our residents and stakeholders as the situation develops further."

This information is provided by RNS

The company news service from the London Stock Exchange

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July 14, 2017 09:27 ET (13:27 GMT)

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