John Lewis retreats from build-to-rent market
The John Lewis Partnership is turning its back on ambitions to be a player in the build-to-rent housing market as it doubles down on its core retail operations.
The retailer said there had been “a fundamental shift in the economic conditions that underpinned the venture” since then. It has subsequently refocused on retail and is investing £1.8bn in John Lewis and Waitrose to bolster their appeal and capabilities.
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