Newsteer advised Tesco on the development potential, marketing and disposal strategy for land at its Clapham South store as part of the retailer’s Property Asset Optimisation Initiative.
The client’s challenge
Tesco needed to unlock residential value from surplus land without compromising the operation of the existing foodstore during development.
Our solution
Newsteer provided development feasibility and disposal advice, alongside planning input on store car-park reconfiguration and conditions needed to keep the store operational during construction.
Beyond advice: how we added value
By considering planning, store operations and disposal requirements together, Newsteer helped shape an opportunity that could deliver housing while protecting Tesco’s live trading environment.
Outcomes and impact
The opportunity progressed to a consented scheme for 36 homes, including 35% affordable housing, with planning measures designed to maintain store operations.
