Thursday, July 19, 2012

News: Tesco expects new Rotherham store to open in March 2014


Rotherham Council is finalising the details of the full planning permission for the new £40m Tesco Extra in Rotherham town centre after the government decided not to intervene.

Members of the planning board approved the plans unanimously in June and referred them to the government's National Planning Casework Unit. The body handles major planning applications on behalf of the Secretary of State but has decided that the local authority is best placed to make the decision.

The plans will be officially rubber-stamped when a number of conditions are legally agreed between the council and the developers, TCN UK. These cover aspects such as restricting the sales areas, creating travel plans for staff, approving the use of building materials and diverting the sewers.

As part of the development, a multi-million pound investment would also be made in Rotherham's road network, including removing the Centenary Way flyover.

Anglo-Dutch developers, TCN has already agreed a lease with Tesco for an 110,000 sq ft superstore to anchor the plans that also include 540 parking spaces and a petrol filling station. The retailer will rent the space for a period of 30 years at an annual rent of £2m.

Construction of the five-acre site, that has been home to a number of council buildings, is set to begin this November and complete in December 2013. Occupation by Tesco is planned for March 2014.

Stephen Holme, development director of Anglo-Dutch developer TCN UK said: "It has taken a long time for all the pieces to come together, which heightens the sense of achievement for all parties, including Rotherham Council as landowner. We are excited about the impetus this gives to the town centre and the adjoining market site."

Matthew Magee, spokesperson for Tesco, added: "We're very pleased to have received planning permission at committee and we're looking forward to bringing forward this great investment in Rotherham and improving our offer for customers."

Alex Munro, partner at global property consultancy Knight Frank, who are advising TCN UK on the funding of the development, said: "This significant development is a massive boost to the renaissance of Rotherham town centre. It will regenerate a key area of the town, create much-needed jobs and will help to make the centre of Rotherham an attractive retail destination."

The development would 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.

TCN website

Images: TCN / Smith Smalley


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