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Regeneration+Renewal: "Tesco scraps plans to develop more than 100 sites"

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"Supermarket chain Tesco has announced that it has identified more than 100 sites in its property portfolio that it no longer intends to develop as they are 'not viable'.

"... A statement from the supermarket said the majority of the sites had been bought between five and ten years ago at a "higher point in the property cycle".

"... Tesco was asked by Planning/R+R to provide a list of the 100 sites, but had yet to do so at time of publication."

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