Tesco is putting a retail site at Lympsham in Somerset on the market for redevelopment following the purchase of a local supermarket chain.
Tesco beat Safeway to acquire two Somerset supermarkets, both potential development sites, for £4.9m.
As revealed by EGi last month, Tesco and Safeway were competing to buy two 2,322 sq m (25,000 sq ft) superstores in Lympsham and Burnham-on-Sea.
A Tesco spokesperson said the Lympsham store will close in November and the site will then be sold for redevelopment. The store in Burnham will undergo a refit and reopen next month under the Tesco name.
Tesco has now confirmed that it has bought Sanders Supermarkets Ltd which owns the freehold of the two stores.
EGi News 14/10/97
