The Tchenguiz group at Northpoint in Bromley has already dismissed this as a “hollow threat”.
It gets £7,000 a year in ground rents from the site – which is paid on to Rothesay Life, the liberalised pension fund investor. The Tchenguiz group’s income from the site, where there is a right to manage company in place, will very likely be a fraction of that.
In no sense are these speculators the building’s owners, still less the responsible long-term custodians: they are simply the owners of the income streams, which of course need to be ended.
12.25 Sarah Jones (Croydon Central) (Lab)
The Prime Minister promised after the Grenfell Tower fire that she would do whatever it takes to keep our people safe. Today, 19 months on, the vast majority—85%—of the hundreds of blocks draped in exactly the same highly flammable cladding are still covered in it.
The Shurgard fire in Croydon shows that Grenfell is just the tip of the iceberg. Thousands of council and private buildings across the country do not have sprinklers, despite the fire services saying they are essential.
The Government do not even collect data on the number of fires in tower blocks.
As the Prime Minister wastes billions on her no-deal gamble there is a stench of complacency about these things that matter too. When will the Prime Minister be able to tell this country that she has honoured her promise? 
The Prime Minister
It is obviously very important for all of us that people are able to feel and be safe in their homes, and I understand residents’ concerns over this issue of cladding.
We fully expect building owners in the private sector to take action and make sure that appropriate safety measures are in place. Interim measures are in place where necessary on all of the 171 high-rise private residential buildings with the unsafe ACM—aluminium composite material—cladding, but permanent remediation is rightly the focus, and we have repeatedly called on private building owners not to pass costs on to leaseholders.
As a result of our interventions 212 owners have either started, completed or have commitments in place to remediate; 56 owners are refusing to remediate. We are maintaining pressure on this but we rule nothing out.
Inside Politics, 1.41, John Healey “time to rule things in, not rule things out” to sort out the cladding mess:
Jo Coburn and guests discuss the big political issues of the day.
Private Eye today: