Friday, June 14, 2013

News: Work starts on new £40m Tesco


Work has commenced on the new £40m Tesco Extra store in Rotherham town centre with an estimated date for the store to open for trading of January 2015.

Developed by TCN UK, the 110,000 sq ft superstore, which also includes 540 parking spaces and a petrol filling station, is being built on a five-acre site that has been home to a number of council buildings.

TCN had hoped to complete the project in December 2013.

With Crinoline House already demolished, contractors ISG will start on site with the demolition of current Norfolk House, the Library & Arts Centre, the Civic Centre and the existing Centenary Way flyover, taking place this summer. Major service diversions will also take place including a main sewer upgrade up Nottingham Street and a main sewer upgrade on the former Crinoline House site.

There will be extensive upgrades and improvement work to the road and traffic network, including a new road junction created between Drummond Street and Centenary Way, and new hard and soft landscaping improvement works to Effingham Square, Drummond Street and Nottingham Street.

The works are programmed to ensure that vehicle and pedestrian access across the existing road network is maintained as far as reasonably practicable throughout the course of the works, however there will be changes to the footpath layout and road layout to enable the works to be completed and these will be communicated to the local community throughout the course of the works.

The store is expected to come out of the ground when foundation work commences in January 2014 with a completion date pencilled in for the end of 2014.

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.

Earlier this year, 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.

With regard to the Forge Island site that Tesco plans to vacate, the council said that it is "currently undertaking investigative work to fully assess the options for redeveloping the site to accommodate a mixed use leisure development, before entering into further discussions with commercial partners."

A formal ground breaking ceremony for the new Tesco took place this week.

TCN website

Images: TCN UK


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