The County You Live, Work And Play
After ditching plans to build a store at Peel Park, Tesco sold the land to London and Scottish Investments who promise to bring a "significant" number of jobs to the town.
Tesco confirmed it has sold land at Peel Park after scrapping plans to build a long-promised store in East Kilbride. Glasgow-based property company London and Scottish Investments bought over the site at Redwood Crescent along with 13 other vacant Tesco sites.
The empty sites are located across Scotland and will be developed by LSI for a mix of retail and residential uses.
Other Lanarkshire sites purchased are Coatbridge and Larkhall.
A spokesman for Tesco said: “I am pleased to confirm the sale of our land in East Kilbride. Since we took the difficult decision not to build a new store, we have been actively seeking a purchaser. We have concluded a deal with Glasgow-based property development company London and Scottish.
“We share the community’s ambition to see the land brought into use. We remain extremely grateful for the support our plans for the site received. Today’s announcement will help move forward the development of the land.”
Tesco’s plan for a joint supermarket and Dobbies garden centre was among eight new developments in Scotland and 49 UK-wide shelved in January by the troubled retailer.
Tesco ditching plans was a bitter blow to the town which, for a number years, has been at the centre of a protracted and acrimonious supermarket war.
Bryan Wilson, group development director at LSI, said: “We are delighted to announce this purchase, which is fantastic news for the towns involved.
“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 who wish to occupy the proposed new developments, and we would expect that a significant number of jobs will be created as a result.”
East Kilbride West SNP Councillor David Watson welcomed the news that the site would be redeveloped for commercial purposes focusing on a mixed food and non-food scheme. He told the News plans are still being developed with the architects, stressing that planning consultants must be sympathetic to the surrounding area and also create local employment.
Councillor Watson said: “The site master plan must also include improved pedestrian crossings and footpaths to the surrounding area. It is important that the local community are consulted so that the plans meet the expectations of the local community and also bring economic benefit.”
East Kilbride West Tory Councillor Graham Simpson agreed, saying: “This is good news for the town. I am sure a company with the track record of LSI will be able to deliver an exciting and varied scheme which will bring the jobs and other benefits that we all hope for.”
Michael McGlynn, Head of Planning & Building Standards Services at South Lanarkshire Council, said: “We recently learned that London and Scottish Land Investments have bought the land at Redwood Crescent from Tesco and have contacted the company with a view to arranging a meeting in the coming weeks to discuss future proposals for developing the site.”