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Aware Super’s UK property play cops a $35m cladding bill

London | Aware Super’s $900 million foray into British build-to-rent housing has become tangled up in the UK’s post-Grenfell cladding crisis, with a tribunal this week slapping an £18 million ($35 million) costs order on Aware’s local partner, Get Living.

Aware bought a 22 per cent equity stake in Get Living last April, even as the company was embroiled in a dispute over how and when to pay for remediation works at the east London residential complex that was formerly the 2012 Olympics athletes’ village.

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Hans van Leeuwen is The Australian Financial Review’s former Europe correspondent. He is now International Economy editor for The Telegraph UK.

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    Original URL: https://www.afr.com/property/residential/aware-super-s-uk-property-play-cops-a-35m-cladding-bill-20240124-p5ezlf