Tesco agrees deal to build homes on its Lewisham site
Residential developer Astir has announced it has exchanged contracts with supermarket giant Tesco for the purchase of a four-acre commercial site in Lewisham.
The exchange is part of a plan to deliver a residential-led scheme, including a new purpose-built Tesco superstore.
Tesco will continue to trade on-site and serve the local community throughout the redevelopment process.
The residential element will offer public realm improvements – including the retention and enhancement of locally listed Eagle House and the restoration of the Ravensbourne River, and promises to provide a sustainable public realm for residents and the wider community.
Marcus Vinnicombe, UK Property Acquisitions Director at Tesco, said: “We are excited to be working with Astir to deliver a new vision for our Lewisham superstore and look forward to serving customers locally for many years to come.”
Bounded by Lewisham Road and Conington Road, the site will have transport links with London Bridge and Charing Cross directly accessible via Lewisham railway station, using DLR and national rail mainline routes.
Lewisham Shopping Centre is also within walking distance.
Travis Crawford, Partner at Astir, said: “We are delighted to be working with Tesco to bring forward these exciting proposals to deliver much-needed new housing for rent in Lewisham, grounded in our focus on exemplar placemaking and sustainability.
“The redevelopment proposals will continue the successful regeneration of Lewisham town centre and we look forward to working with the London Borough of Lewisham to bring this exciting development forward.”
Pictured top: The site of the new development (Picture: Astir)