What: The JLP is diversification plan presented in 2022.

Why it is important:  Even though the move raised eyebrows (and cost the CEO’s position), the JLP keeps on exploring the idea of managing and renting homes, both through new developments and with the redeployment of former department store premises.

The John Lewis Partnership and investment company ABRDN have submitted their first planning applications for 'build-to-rent' sites in West Ealing and Bromley as part of a GBP 500 million joint venture.

The proposed developments, aiming to make 35% of the properties affordable for key workers, will offer 428 and 353 new homes respectively, featuring public piazzas, landscaping, Waitrose shops, and cafes. Additional amenities will include residents’ lounges, dining areas, roof gardens, flexible workspaces, and gyms. All homes will be furnished by John Lewis and offer options for short and long-term tenures. Plans for a vacant warehouse site in Reading will be presented later this year.

John Lewis pushes ahead with plans to build and operate rental homes