Building Developers and Owners are Being Sandwiched
Costs, Risks and Returns are being impacted by uncertainty around the future acceptability of Aluminium Composite Cladding Panels (ACP).
Since the Lacrosse Apartment building fire in 2014 and the tragic Grenfell Tower fire of 2017, there are still more questions relating to the use of flammable ACP than answers.
Industry, governing bodies, financiers, building owners and occupiers, are yet to really understand their options.
- Will the import and use of flammable ACP in Australia be banned? – one of the suggestions made by the Senate’s interim enquiry report.
- Will the National Construction Code and Building Regulations be revised to require increased fire safety around the use of ACP? – as suggested by the current draft amendment out for public comment.
- Will the ‘grey area’ of whether the ACP is an attachment or part of an external wall be confirmed?
- Will Government required audits lead to large scale removal of flammable ACP and replacement with compliant materials?
- Will insurers carve out flammable ACP from insurance policies? Will premiums increase?
- Is the reputation of ACP tarnished so much so that developers and architects turn their back on the material – as recently reported by Uniting Communities with their U City development in Adelaide? Continue reading
Technical Due Diligence and ESG
Napier & Blakeley’s expertise in asset and development advisory provides an integrated approach to achieve the best results for sustainable property outcomes.
Our quantity surveyors, building consultants and engineers can plan and price works associated with improving the ESG performance of a building.
Sustainable investments achieve long-term financial growth where risks and opportunities are identified and managed through environmental, social and corporate governance or ESG.
Technical Due Diligence is a perfect tool to facilitate good property transactions, to initiate asset management and to achieve investment goals.
