Dransfield Properties response to Tesco announcement:

Dransfield Properties response to Tesco announcement:

8 January 2015

January 8th 2014

Mark Dransfield , MD of Dransfield Properties

“We are of course disappointed by this week’s news but it does not in any way alter our plans to build and deliver this important regeneration scheme in Stocksbridge which will open in Spring 2016. 

The withdrawal of Tesco allows us now to look at a more diverse retail mix for the area which we are very excited about.

Tesco has made a significant investment in the Fox Valley development which has been a great help in moving this scheme forward in recent years and we are grateful for their input and involvement. 

We have a good number of tenants already signed up to the scheme and a great deal of interest from other companies keen to be part of this new town centre. Our focus in shouting about what a great place north Sheffield is to invest in hasn’t changed and we look forward to making a number of announcements in the Spring.”

Tesco Comment from Dave Lewis, Chief Executive Officer

“It is with a heavy heart that I am today announcing that we are unable to proceed with 49 planned new store developments across the UK, including our planned store in Stocksbridge.

Our performance as a business has fallen significantly short of where we would want it to be and my absolute imperative has to be to protect the future of our business for the c. 300,000 colleagues we employ in communities all over the UK.“

I know that this news will be a real disappointment to many people in the local community and we’re extremely grateful for the support we’ve received for our plans.

I am very aware of the importance of the site to the area and I am determined that we will work closely with Sheffield City Council to find the right solution for the local community.”

For further information, contact:

Public Relations Department, Dransfield Properties Ltd
Tel: 01226 360644
Email: pr@dransfield.co.uk