John Lewis building 10k homes in car parks & above Waitrose – furnished with own products

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Many of the homes will be built in existing car parks, above Waitrose supermarkets or next to distribution centres.

Homes can be rented furnished with John Lewis department goods.

There will be a concierge and may well have a Waitrose convenience store near the entrance.

Properties will range from studio flats to four bedroom houses.

The first of these is planned for southeast England.

What is more, John Lewis employees can rent properties at a discounted rate.

John Lewis already owns the majority of the village of Leckford in Hampshire.

Every home in the village with a green door belongs to the company.

The business hopes to diversify its profit sources.

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John Lewis has been forced to close a number of department stores in a blow to the company’s fortunes.

The latest closure announcement saw another eight stores confirmed to close, resulting 1,465 redundancies.

Andrew Murphy, executive director of operations for the John Lewis Partnership, told City A.M.: “The John Lewis Partnership’s ambition is that 40 percent of profits will come from new, so non-retail, lines of business by 2030.”

The business how outlined space for 7,000 rental properties across its existing property portfolio.

It is also planning to develop new sits for the huge property.

Britons responded to the news on social media.

One wrote on Twitter: “How is John Lewis doing more than the government has done in the last 15 years?”

Another said: “This is big news. Absolute spot on move from @JohnLewisRetail investing in social purpose and reliable long term financial stability.”

One wondered: “However will #JohnLewis housing enterprise mean rental prices as extortionate as the prices in their stores?”

“Not social housing, then…” one said.

The news comes as John Lewis announced a major furniture service following a successful trial. 

The first trial of the furniture rental service saw the collection sell out in 48 hours.

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