John Lewis pulls plug on build-to-rent business which had aimed to build 10,000 homes

2026-02-26T11:55:00

Retailer cites shift in financial environment, with high interest rates and less stable returns

John Lewis is pulling out of its build-to-rent business, citing a “fundamental shift” in the economic conditions that had underpinned the venture.

The partnership, which is owned by its employees, launched the property arm in 2020 as part of an effort to diversify its business away from retail.

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