John Lewis takes over Jewellery Quarter BTR scheme
John Lewis Partnerships (JLP) has taken over management of a 259-home build-to-rent (BTR) scheme in the Jewellery Quarter, as part of its ambition to manage 10,000 homes.
From today, JLP will manage abrdn’s Landrow Place built in 2021. It takes the total number of homes now managed by JLP to more than 800 with further locations planned.
It’s the latest addition to the property management portfolio, established late last year when JLP took over the operation of the 326 homes in the Clarendon Quarter in Leeds. This was followed by the 232 homes in the Queen Street Quarter in Leicester earlier this year.
All three buildings are owned by clients of abrdn, after JLP entered into a £500m joint venture with the global investment company to develop and manage homes in existing JLP locations.
Planning was secured in July to redevelop a Waitrose store in Bromley as well as build 353 homes. JLP has also recently submitted an applicated to transform a disused former warehouse site in Reading and is continuing through an appeal process to replace the Waitrose shop in Ealing with a new store and homes. The three proposed sites will potentially deliver more than 1,000 homes.
Sophie Hine, head of BTR operations and customer experience for the JLP said: “In less than a year we have established a management business that has brought about significant improvement in customer satisfaction scores and, with the addition of Landrow Place, we will now operate more than 800 homes. Alongside our first approved application to deliver desperately needed new homes from our own sites, with a further two applications in progress, it signals real momentum now in realising our long-term housing ambitions.”
Robert McDonnell, fund manager for abrdn said: “Building on the strong performance by the JLP team on our abrdn Build-to-Rent properties in Leeds and Leicester, I am delighted that they have now taken over the property management at our Landrow Place property in Birmingham. This collaboration allows us to continue to leverage JLP’s quality of service and renowned trust to further enhance the living experience for our residents. We look forward to the positive impact they will bring to Landrow Place and to continuing our successful journey together.”
