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.
Photographer: Wiktor Szymanowicz/Future Publishing/Getty Images
This article is for subscribers only.
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.