Newsteer advised Tesco on the value and terms of an easement for a heat distribution network crossing its Lea Valley Extra site. Our work protected the store’s interest while enabling a network intended to serve more than 30,000 homes and businesses.
The client’s challenge
The proposed pipeline needed to support a major district heat network without compromising the value, operation or future flexibility of Tesco’s property interest.
Our solution
Newsteer assessed the impact of the pipeline and easement, advised on market value and supported drafting of the deed to protect Tesco’s store interest.
Beyond advice: how we added value
The advice balanced a major public infrastructure objective with the commercial and operational requirements of a live foodstore, helping both parties reach an acceptable property solution.
Outcomes and impact
An agreement was reached, enabling infrastructure for a network intended to serve more than 30,000 homes and businesses while protecting Tesco’s property position.
