First the troubled John Lewis Partnership announced plans to create Build To Rent properties around or on top of Waitrose stories; Lloyds Bank is also in the Build To Rent sector; and now Tesco has jumped on the bandwagon.

It has emerged that Tesco is to work with developer Astir on what is being described as an “innovative” BTR scheme in the south London suburb of Lewisham. 

“We are delighted to be working with Tesco to bring forward these exciting proposals to deliver much-needed new housing for rent in Lewisham, grounded in our focus on exemplar place making and sustainability. The redevelopment proposals will continue the successful regeneration of Lewisham town centre and we look forward to working with the London Borough of Lewisham to bring this exciting development forward” says Travis Crawford, a partner in Astir.

The four acre site in Lewisham will host Astir’s residential and mixed-use developments with a Tesco store. 

“We are excited to be working with Astir to deliver a new vision for our Lewisham superstore and look forward to serving customers locally for many years to come” claims Tesco’s property acquisitions director, Marcus Vinnicombe.

Tesco is known to be working with high end agency and consultancy Savills on projects including this Lewisham scheme.