Tesco to build houses instead of supermarkets

Rather depends on where they build them and how much they cost: affordable or luxury?

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/10976120/Tesco-to-build-4000-homes-instead-of-supermarkets.html

3 thoughts on “Tesco to build houses instead of supermarkets

  1. I believe that Tesco may own the disused factory near the Tumbling Weir Hotel in Ottery St. Mary as they were previously in the running to build a supermarket there until Sainsbury’s won its planning permission.

    Whilst that site is opposite other houses, I am not sure what the flood risks would be since it is right on the river.

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  2. Tesco also own a very large plot in Salterton Road, Exmouth, next to their existing store. Bought, if I remember correctly, about the time that EDDC were trying to get an Asda on the estuary. It has, or had (cannot see owing to the ugly hoarding that has been up for years) the Glenorchy United Reform Church in the grounds.
    I am not sure the one time promised community centre was ever built but we have seen an increase in supermarket provision locally with Iceland in the old Woolworths, a new Tesco Express in the old job centre, real competition with the new Lidl in Salterton road, and now a new Coop to open shortly on Exeter Road. Nobody comes far to Exmouth to do a supermarket shop and we must be close to saturation point in terms of supermarket provision albeit that some would want to see alternative providers.
    I see no real prospect of the land being used for Tesco retail but wonder what they will demand before they allow anything useful to be done with the land. Probably be yet another derelict site for a decade or more- like so many other parts of Exmouth have been.

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    • It is one thing for Tesco to have a land bank of greenfield out-of-town sites that it might want to develop in the future but which are still being used for farming. And quite another for them to own land in towns which is derelict and an eyesore.

      Much as I am against additional taxes, perhaps this is one area where putting a punitive tax onto unused brownfield sites would encourage regeneration.

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