Tesco to Scrap Plans for 100 Stores

Daily Mail

The axed Tesco projects include a high-profile development in Margate, Kent, which was opposed by many locals and the Government’s retail adviser Mary Portas – the self-styled Queen of Shops – who feared it would destroy local trade.

Others on the list that will not go ahead include three sites in Devon at Brixham, South Molton and Holsworthy.

Tesco paid a premium price for many of the sites involved and some may now have to be sold at a loss. The firm’s property arm will try to get planning permission for housing estates on many plots.

Many schemes were secured by the grocer following bitter fights by community groups and traders.

Others plans that have been axed include Ipswich, Hadleigh in Suffolk, Romsey, in Hampshire, Sherbourne in Dorset, Tolworth, near Kingston, and Coleford, Gloucestershire .



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