A spokesman for Tesco said: 'We have reviewed our proposals for the former HSBC site in Haverstock Hill. Having been unable to reach an agreement with the landlord, we have made the difficult decision not to proceed with plans for a new store."
Andrew Thornton of Thornton's Budgens said that the recent acquisition of Budgens' parent company by Booker will now make it possible to lower prices in the store. See Press Release below.
At 17:00h today, Tesco confirmed that they have pulled out of their proposed store opening in Belsize Park, North London, following five months of campaigning against the move by the local community.
Local campaign leader Linda Grove said "We are delighted. Tesco are not good neighbours and the rent they were going to pay (2.7 times the going rate) would have forced so many independent retailers out of business. I am thrilled by the flood of support locally – people said we could never stop Tesco and we have. This is a victory for the person in the street." Local resident supporters include Tom Conti and Janet Suzman both of whom were very vocal on the subject.
Local independent retailer, Andrew Thornton of Thornton's Budgens said "This is a real victory for independent retailing. There is sea change taking place in food retail – no longer do the big four hold all the power. With Aldi and Lidl re-setting the price agenda, consumers are voting with their feet simultaneously buying their baked beans from the discounters and their fine and local foods such as cheese, fish and British asparagus from independents like us. This is a great opportunity for independents who really understand this and a move away from uniform looking town centres. Evidence has shown that independent retailers are the key to thriving high streets."
For more details please contact
Andrew Thornton, Thornton's Budgens: 07831 206 691
If anyone is interested in the particulars of the retail property to rent, please see below.
Address: 147 Haverstock Hill, London, NW3 4QU
Description: The available space comprises ground floor retail accommodation with basement ancillary space. The premises are available by way of a new full repairing and insuring lease for a term to be agreed.
Size: 1,741 sq ft
Sub Sector: High Street
For Sale/To Let: To Let
Lease Type: New
Rent per annum: £220,000
Annual Rates: £45,067
Contact CBRE UK for more info
020 7182 2774
Tom Conti leads the successful NO to Tesco effort backed by a number of high-profile actors to prevent the company from opening a new store in Belsize Park. The campaign has ended in victory after the supermarket chain announced that it has abandoned its plans.
At the PUBLIC MEETING 20 January 2015
Tesco was invited to share its plans and listen to the residents of Belsize at the public meeting held at St Stephen’s Rosslyn Hill
Click here to view highlights of the meeting
Introduced by Dame Janet Suzman
read the full update here...
A Successful Campaign
Old HSBC building 147-151 Haverstock Hill – New lease now available