beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,019
What you need to analyse I suppose is whether a project that clearly added equity value to the block, i.e. the works were very visual, and any flats coming up for sale, or rent would be enhanced by the improvements, with the benefit as you say of community facilities, windows and heating, against whether that expense should have been invested internally, effectively unseen for the improvement of the fire safety.
the claim is that the visual improvement was to the benefit of others looking at the tower block from a far (the immediate streets are largely other council estate). i wouldn't doubt for a moment it would improve value of the block itself, only that i dont believe much impact on values of 7-8 figure properties that can see it - property prices already mental. there's four twenty story buildings just the north west that so far haven't been improved (though i read they may consider pulling them down altogether). another point from my reading is that the insulation - the bit blamed for the spread of the fire - is not the part you see, which is a rain screen separated from the insulation cladding. i cant explain why sprinklers were also included in the renovations, it seems a massive oversight, one that doesn't seem uncommon (why not already part of regulations, why not put in the original build?), and are not a subject mentioned in the tenant consultation and questionnaires for the renovations.