Friday, September 26, 2014

News: Recruitment underway at new Rotherham Tesco

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Recruitment has begun for some of the 450 staff at the new £40m Tesco Extra store in Rotherham town centre which is set to open on November 13.

South Yorkshire's largest property investment deal for the past two years has seen developers TCN UK Ltd, bring forward the 110,000 sq ft superstore, which also includes 540 parking spaces and a petrol filling station, on a five-acre site that was previously home to a number of council buildings.

ISG, the international construction services company, secured the £19m contract to build the new store and the project also includes £4m worth of public realm improvements and massive revisions to road and utilities infrastructure.

TCN UK Ltd bought the site from Rotherham Council for £7.3m and private property investor fund Osprey Income and Growth 2 LP purchased the development with the backing of £16.9m of equity from private investors and £23.75m of debt from HSBC Bank.

The development is set to create 450 jobs (200 full time and 250 part time). 200 of these are additional to the current store on Forge Island and all staff at the current store would be guaranteed a job at the new site. A proportion of vacancies will be filled through Tesco's "Regeneration Partnership" which, in partnership with the local Job Centre Plus, ensures a proportion of vacancies are reserved for long term unemployed people.

Rotherham jobs listed on the Tesco Careers website include customer assistants for the shop floor including the clothing section and the meat counter.
Moving from the current Tesco store on Forge Island, the new store will create an additional 3,362 sq m of floorspace which is split into 1,301 sq m of convenience and 2,061 sq m of comparison goods. The development will be restricted in terms of the concessions that can be included alongside the Tesco store. It is set to include a pharmacy, photo processing lab and mobile phone shop, but not an opticians, doctors, dry cleaning facility or post office.

It has been a difficult week for Tesco, Britain's biggest retailer, as it issued its fourth profits warning of the year on Monday following the discovery of an accounting error which overstated its first-half profit by £250m.

In Chatteris, Cambridgeshire, it has been reported that Tesco has "mothballed" a £22m, 47,000 sq ft store just weeks before it was due to open as it slows down its store opening programme.

Tesco Careers website

Images: Tesco / twitter

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