Tesco has announced that it will be selling off over a dozen sites that it had earmarked for development to a property company as part of a revival plan for the supermarket.
The move means that over 10,000 homes could be built on the sites which are located throughout London, the South East and Bath. The sale is part of a wider scheme of rationalization which includes shelving plans for 49 large supermarkets and closing 43 unprofitable stores.
The development sites being sold by Tesco include:
- Fulham High Street
- Highams Park (next to existing Tesco store)
- Hounslow (Hounslow bus garage)
- Lewisham (next to existing Tesco store)
- New Barnet (East Barnet Road)
- St Albans (London Road)
- Tolworth (Former MOD site next to Tolworth Broadway and A3)
- Hillingdon Master Brewer Site (Hillingdon Circus)
- Woolwich Phase 3 and 4 (next to existing Extra store)
- Epsom (Upper High Street)
- Kensington (next to existing Cromwell Road store)
