Tesco have agreed a deal to redevelop their Tesco store in Lewisham as part of a mixed-use development.
Astir will develop the site for build-to-rent housing, with Tesco retaining a presence on site throughout redevelopment.
The latest plan follows the company previously selling much of their car park to Meyer Homes with a number of blocks including Lewisham’s tallest tower now under construction.
Tesco’s previous sale of land was part of a program of divesting plots in Woolwich, Dartford and Lewisham. In Lewisham they retained the store itself but have now opted to sell for redevelopment.
Loss of car parking is balanced against thousands more local residents within walking distance and proximity to bus, rail and DLR links.
The shop was looking increasingly incongruous among a sea of redevelopment, which also includes the redevelopment of two estates nearby.
Heathside and Lethbridge estates are seeing an increase to 1,200 homes.
High density mixed-use buildings are nothing new in the area, with an Asda store located beneath housing on Loampit Vale.