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City of London

John Lewis, Abrdn to Build New Homes Above London Waitrose Shops

  • The £500 million deal will deliver homes in London and Reading
  • John Lewis originally announced the homes plan in June
A Waitrose supermarket in London.

A Waitrose supermarket in London.

Photographer: Wiktor Szymanowicz/Future Publishing/Getty Images

John Lewis Partnership Plc has teamed up with investment firm abrdn Plc to build about 1,000 new homes in and around London. 

The £500 million ($613 million) joint venture will see new homes built on the sites of Waitrose shops in the London districts of Bromley and West Ealing. A vacant John Lewis warehouse in Reading, a town west of the city, will also make way for new homes if planning permission is obtained.