UK department store giant plans major building projects

Renowned for its high-end department stores across the UK, John Lewis & Partners is planning a series of building projects. However, rather than expanding its outlets for shop space, the new scheme features the construction of brand-new rental properties.

The company’s lateral move is part of newly developed strategy headed by Sharon White, Chairman of John Lewis, who aims to achieve profits over the next five years reaching £400 million.

The new scheme intends to build homes for rent at 20 of the retailer’s UK sites, making John Lewis a prominent UK landlord. Residences would be constructed above or next to existing stores, or on land owned by the company.

A spokesperson for John Lewis commented:

“We’re a landlord already at three of our properties, so this is an obvious extension for us. And we’re now talking to developers and investors who can help us achieve our ambitions.”

The interiors of the properties would be fully furnished using a selection of products from John Lewis’ department stores and those renting would be able to order groceries direct from Waitrose supermarket, which is also owned by the retailer.

Enterprises and developers in London and Chester can use architects to act as agents on their behalf when applying for building permission. With extensive experience of the planning process, professional architects can help schemes gain smooth passage through official channels.

John Lewis has announced its aim to submit planning applications in 2021 for two sites based in Greater London to launch the new initiative.

Posted by Mark
October 26, 2020
New Buildings

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