John Lewis agrees £500m deal with Abrdn to build 1,000 rental homes
by Mark Sweney from World news | The Guardian on (#66DV0)
Waitrose shops in Bromley and West Ealing will be redeveloped, and vacant warehouse in Reading
The John Lewis Partnership has struck a 500m deal with the investment firm Abrdn to build 1,000 residential rental homes, redeveloping three sites already owned by its Waitrose and eponymous retail store chains .
The group intends to redevelop Waitrose shops in Bromley and West Ealing, and a vacant John Lewis warehouse in Reading, as the first part of a plan to build a total of 10,000 new homes over the next decade.
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