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Tenants in discussions

Shops and homes destined for 14 unwanted Tesco sites

TescoVacant sites no longer needed by Tesco will be developed for shops and housing after being sold to London & Scottish Investments, a Glasgow-based investment and property company.

The 14 sites are located in Aviemore, Coatbridge, Cowdenbeath, Crieff, Cupar, Dalkeith, Dundee, Glasgow, East Kilbride, Kilmarnock, Larkhall, Paisley (Renfrew Road and Love Street) and Thurso.

They had previously been acquired by Tesco for potential store development which has not progressed as planned.

LSI said it was in discussions with potential tenants interested in developing these sites.

Bryan Wilson, group development director at London & Scottish Investments, said it was “fantastic news for the towns involved”.

He added: “We now look forward to meeting with council leaders and planning officers from all the local authorities involved, to discuss and review our plans for the economic redevelopment of these sites.

“We have had discussions with a range of potential tenants that wish to occupy the proposed new developments, and we would expect that a significant number of jobs will be created as a result.”

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