I see Tesco are the latest party to be pilloried for land banking. Apparently they have enough land to deliver 15,000 homes. Never mind that they are the largest national food retailer and have obligations to their shareholders to deliver continued growth, which is good for the City, good for the economy, and good for job creation. Also, never mind that many of the sites they own are in use – temporary or otherwise – for other purposes, and they are in any event scattered around the country, represented by 310 separate sites. Crudely speaking, that means that each site might deliver something like 48 residential dwellings; hardly ground breaking.
A red herring even Tesco don't stock
Jun 27, 2014 2:25:34 PM / by Charlotte posted in Ians blog, Tesco, land banking, planning
