Tesco has abandoned plans for two substantial developments in Co Donegal, having spent €5m securing land in Ballybofey and Letterkenny.
Ireland’s second-largest retailer had secured planning permission for a 4,300 sq metre outlet in Ballybofey, though the decision was later overturned by An Bord Pleanala. Meanwhile, plans to add a petrol retail outlet to its store in Letterkenny were met with opposition from local businessman Eddie Tobin, owner of a Topaz/Spar Express outlet nearby.
After several appeals, Tesco was granted the permission it sought, but has since sold the both the forecourt site and the site in Ballybofey. "I can confirm the two sites have been sold, and as such no longer form part of our development portfolio," a spokesperson said.
Tesco is currently selling off 25 sites nationwide as part of a cost-cutting drive, but the company still maintains 149 outlets, and recently reported 8.7% sales growth for Q1 2016.
© 2016 - Checkout Magazine by Ingmar Kiang
