Tesco turns property developer to transform existing store locations with brands and estate agents

Real-estate could be the next core pillar of Tesco’s resurgence plans after it outlined its vision to sell ‘air rights’ to the space above and around its stores to property developers and other ‘complimentary’ brands.
This is arguably nothing new. In 2013, Tesco was behind the development of 250 apartments that sat above a new superstore (see above) in Streatham, South London. And it has been entering brand-partnerships with the likes of Arcadia and Holland and