Tesco hoarding land that could build 15,000 homes

The Guardian

Tesco, the UK’s largest supermarket chain, is hoarding land and buildings covering an area big enough to build 15,000 homes, a Guardian analysis has revealed.

The size of the embattled retailer’s land bank, theoretically large enough to replicate the government’s proposed new garden city at Ebbsfleet, is far greater than previously estimated and remains on its books despite much of it being bought to build out-of-town Extra superstores which are no longer financially attractive as shoppers turn their back on the big weekly grocery shop.

The scale of Tesco’s land holdings are revealed…