Tesco withdraws from Derby's Debenhams site negotiations
TESCO says it is committed to bringing its largest style of
store to Derby – but has not yet agreed on a suitable site.
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The news comes after the supermarket giant confirmed it was
no longer interested in developing the former Debenhams site in
Victoria Street.
The firm said the reason it withdrew from buying the site
was because its plans had become too costly and access would
have been difficult.
The store was planning the wider development of the site,
not just the Debenhams store but incorporating surrounding land
in the Becket Well area.
A spokesman for Tesco said costs were soaring into many
millions of pounds and would have made the scheme one of the
firm's most expensive.
He said: “There were quite a few difficulties working out
the access and, with the costs, we shelved those particular
plans.
“However we are committed to coming to Derby with a larger
store and we are now working out where that should be.”
Tesco could not confirm what sites it was interested in but
said the type of store it wanted to build was its Tesco Extra –
a full-size hypermarket which sells electrical and homeware
goods with food.
Derby commercial property agent Russell Rigby said: “While
it's disappointing the Becket Well area has lost its anchor
retail operator, there are still opportunities to regenerate
that side of the city centre around Debenhams.
“I know Tesco are very serious about acquiring land in
central Derby.”
The future of the Debenhams site, meanwhile, remains
undecided.
It is owned by Westfield, which said there were still a
number of parties interested in buying it.
A spokeswoman said: “We cannot say any more because of the
commercial sensitivity.”
Developer Peter Gadsby is one of those interested in the
site. He not available for comment today.











Comments
by Mike, Allenton, Derby
Tuesday, July 22 2008, 2:42PM
“So what about the planned Tesco for the vacant M&S site? Was reported in DET that there was to be a Tesco EXPRESS going there. Though Express stores are mainly community stores. More likely a METRO store was planned like in Victoria Centre, Nottingham. Seems no further news on the Allenton, proposals, just rumours.”