M&G Investments completed the acquisition of 11 Waitrose stores from John Lewis Partnership.

M&G Investments, a global asset manager, completed the acquisition of 11 Waitrose stores from John Lewis Partnership, a British company operating John Lewis & Partners department stores and Waitrose & Partners supermarkets. Financial terms were not disclosed. The stores have been leased back to Waitrose for a term of 20 years with options to extend.