Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Contractors close in on £95m Tesco scheme

Supermarket giant Tesco is hoping to announce a winning contractor this month for a £95 million regeneration scheme in east London.

French contractor Vinci is understood to be in the running for the Love Lane scheme in Woolwich, which will include a 7,400 sq m Tesco store and 289 apartments directly above it.

Willmott Dixon is thought to be competing for the job, which will include an additional 7,400 sq m of retail space.

Bam Construct is also understood to have picked up tender forms for the project, which is set to start on site in March.

London Borough of Greenwich will build a replacement for their civic offices on the site, which will be further developed in the future. Sheppard Robson is the architect behind the ambitious town centre scheme.

Tesco made a profit of £261m trading its property portfolio in the 26-week period that ended 28 August 2010. It said in September 2010 that it expected to investabout £1.6 billion of capital in property over the coming year.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.