Published 1 year ago

John Lewis enters rental property market with £500 million Abrdn joint venture

Summary by Reuters

British retailer the John Lewis Partnership said on Friday it has agreed a 500 million pounds ($611 million) multi-decade joint venture with investment company abrdn to build residential rental homes.

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The Guardian

John Lewis agrees £500m deal with Abrdn to build 1,000 rental homes

Waitrose shops in Bromley and West Ealing will be redeveloped, and vacant warehouse in Reading

1 year ago·London, United Kingdom

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The Independent

John Lewis reveals £500m deal to build 1,000 new rental homes

The retail giant has teamed up with investor Abrdn as it tries to branch out.

1 year ago·London, United Kingdom

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Reuters

Britain's John Lewis agrees $611 mln home building joint venture with abrdn

1 year ago·United Kingdom

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Irish Independent

John Lewis reveals £500m deal to build 1,000 new rental homes

The John Lewis Partnership’s nine-year ambition to diversify away from the difficult retail sector has come a step closer to fruition after the business signed a deal that will help it build 1,000 new homes.

1 year ago·Ireland

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Evening Standard

John Lewis enters rental property market with £500 million Abrdn joint venture

The move is part of the partnership’s ambition to build 10,000 new homes over the next decade

1 year ago·London, United Kingdom

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Sky News UK

John Lewis reveals £500m plan to build 1,000 rental homes

The partnership says its tenants can expect "first-rate service and facilities", adding that its properties will be furnished with John Lewis products.

1 year ago·United Kingdom

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