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Tesco to sell lands located near its stores

Tesco has decided to optimize the development of its selected properties across Poland and to sell off excess land. A total of 35 properties intended for commercial developments and located largely near Tesco’s existing stores will be put up for sale. The objective of this decision is to extend the offer of Tesco’s stores to include additional services. Cushman & Wakefield, a leading global real estate services firm, represents Tesco in its contacts with potential investors.

The lands to be sold total more than 30 hectares with most of them being undeveloped sites adjacent to Tesco’s schemes. The full list of the properties for sale is available online at www.nieruchomosci-tesco.pl.

Cushman & Wakefield advises and represents Tesco in the sale process and talks with potential buyers. Tesco’s properties will be marketed gradually and sold through a competitive bidding process.

Marek Noetzel, Partner from the Retail Department of Cushman & Wakefield, said: “The properties to be sold comprise largely lands Tesco has secured in its portfolio. Tesco has decided to sell its excess land to enhance the retail attractiveness of its store locations. Tesco is a highly recognized brand in Poland with its stores driving strong footfall.”