Tuesday, 15 December 2020 21:56

LSI plans 500,000sq ft of new retail space

The East Kilbride site LSI intends to develop

Glasgow-based London & Scottish Investments (LSI) has submitted a package of planning applications as part of a major redevelopment of sites formerly owned by Tesco.

The proposals would create over 500,000sq ft of food and non-food retail space, resulting in “thousands” of new jobs across ten Scottish communities.

The developments are planned for East Kilbride, Paisley, Crieff, Aviemore, Cupar, Cowdenbeath, Thurso, Kilmarnock, Dalkeith and Glasgow Springburn.

Local planning applications have been submitted, or are due to be “imminently,” for eight of the ten sites, while the East Kilbride and Paisley projects require a 12-week period of statutory public consultation.

LSI says that a number of other sites acquired from Tesco in August 2015 have been earmarked for residential development, with plans to be unveiled early next year.

Bryan Wilson, group development director at London & Scottish Investments, said: “This package of planning applications is one of the biggest that Scotland has ever seen. The economic redevelopment of these vacant sites is fantastic news not just for the communities around them, but for the Scottish economy as a whole as we expect thousands of new jobs to be created as a result.

“We are now in advanced discussions with a number of food and non-food retailers to occupy these developments and hope to be able to announce these in the near future. Subject to securing the necessary approvals, construction work is expected to start in spring and summer 2016.”



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