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Have John Lewis built any houses?


sarahbell

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sarahbell

https://www.bbc.co.uk/news/business-57712618

John Lewis plans to build 10,000 rental homes
Published
4 July 2021

 

 

Not yet? https://www.ft.com/content/713ee87b-f5ab-43c7-8ab8-b238e27c7725

John Lewis to build homes for rent in shift away from retail  JUNE 9 2022

Partnership group plans 10,000 flats on Waitrose sites and will manage lettings itself

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I'd guess the markets have changed their mind - since their original plans you can get 3% on US treasuries now, and there is a real income squeeze. The Waitrose/JL target market outside of London seems less likely to be renting... and the premium part of BTL appears vulnerable.

Or alternatively it could still be tied up in red tape. Not sure planning permission is straightforward to dump a load of flats next to a distribution centre.

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With a crooked smile

A surprising number of big name brands own hotels in the lake district, Laura Ashley and John Lewis both have hotels here. So they are already in the property game.

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spunko
13 hours ago, With a crooked smile said:

A surprising number of big name brands own hotels in the lake district, Laura Ashley and John Lewis both have hotels here. So they are already in the property game.

Laura Ashley went bust a few years ago. Maybe the MD of JLP has that as her end game?

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With a crooked smile

It says on The Caterer website that the hotels were separate to the retail side of the business.  Looks like they are trading under a new name now though. 

They still have a Laura Ashley hotel sign near the roadside tho.

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