A major institutional investor with a UK-wide rent portfolio, including 47,000 residential units across 1,700 buildings. As a pension fund, the client is highly risk-averse, placing equal weight on reputational protection and regulatory compliance as on financial performance.
In the years following the Grenfell tragedy, the landscape for building safety regulation changed rapidly and often. What started as a push to identify cladding issues became a multi-layered compliance exercise involving changing guidance, evolving risk criteria, and overlapping funding routes. The client needed support navigating this shifting environment across a large and diverse estate.
The complexity was amplified by:
The client needed a partner who could bring structure, clarity and leadership to an environment characterised by uncertainty.
Innovus built a dedicated team of building safety specialists. Our team works directly with the client, their agents, and third parties to manage all aspects of safety compliance, including risk assessments, remediation, funding strategy and regulatory reporting.
We introduced:
We also supported the client in high-level policy discussions, feeding into roundtable sessions and helping them prepare for direct engagement with senior government representatives.
The portfolio’s compliance position has been transformed. Building safety compliance has risen to 97 percent, with regular monitoring in place. Remediation work is progressing across all relevant properties, supported by detailed assessments and clear funding strategies.
The client now has:
The client’s team has expanded to reflect the growing complexity of building safety compliance, but Innovus remains a trusted partner in navigating that change. We continue to advise on strategic issues, drive operational delivery, and help safeguard the long-term value of the client’s assets.