Investors in Get Living have warned that liabilities over fire safety measures are going to put overseas funds off investing in the UK residential sector.
The warning comes after Get Living was ordered to pay £18m for remediation work to the flats it owns in London’s former Olympic park last month. The firm has already launched an appeal.
Senior directors from Aware Super, an Australian superannuation fund that invests in Get Living, and Oxford Properties have both warned that the ruling has the potential to have “significant impact” on attracting investment to UK residential.
