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John Lewis's return to physical retail investment continues with £22 million Waitrose buy

Deal is strategic move to secure long‑term control of key trading locations.
Hersham Centre. (CoStar)
Hersham Centre. (CoStar)
By Riti Sen
March 2, 2026 | 12:14 P.M.

Waitrose has bought the freehold of the Hersham Centre in Walton‑on‑Thames from a joint venture between LaSalle Investment Management and Quadrant for £22 million, as parent company John Lewis steps up its investment into its physical retail.

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News | John Lewis's return to physical retail investment continues with £22 million Waitrose buy