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

25.02.2026 20:04 | The Guardian World

Retailer said ‘fundamental shift in economic conditions’ made it difficult for financial partner Aberdeen to raise funds The John Lewis Partnership is pulling out of a £500m deal to build almost 1,000 residential rental homes for rent in Bromley, Reading and West Ealing amid a “cautious property market”.The retailer, which owns Waitrose supermarkets and John Lewis department stores, blamed a “fundamental shift in the economic conditions”, which it said had made it difficult for its financial partner, Aberdeen, to raise funds for the venture, first launched in 2020. Continue reading...

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