Newsteer completed the disposal of a significant residential development opportunity at Tesco’s New Malden store, with Barratt London set to deliver 456 homes including 35% affordable housing.
The client’s challenge
Tesco wanted to unlock value from surplus land while ensuring the development opportunity was properly tested and positioned before being taken to market.
Our solution
Newsteer advised from project inception, providing development and feasibility analysis before leading the marketing and disposal process.
Beyond advice: how we added value
The team shaped the proposition before sale, allowing planning potential, commercial value and buyer appetite to inform the disposal strategy rather than simply marketing the land as found.
Outcomes and impact
The site was disposed to Barratt London for a scheme comprising 456 homes, including 35% affordable housing.
