London & Scottish Developments (L&SD) is set to regenerate 14 dormant Tesco sites across Scotland.
Ten of the 14 sites acquired last year by the L&SD will deliver 23,000sq m of retail shopping space, entailing an investment of more than £100M.
The remaining four sites have been sold to housebuilders who will deliver 300 new homes in Paisley, East Kilbride, Kilmarnock and Coatdyke.
The ten retail development sites are in Crieff, Thurso, Aviemore, Cupar, Cowdenbeath, Dalkeith, Paisley, East Kilbride, Kilmarnock, and Springburn in Glasgow.
Bryan Wilson, development director at London & Scottish Developments, said: “This has been a hugely complex portfolio to deliver, involving working simultaneously with over a dozen local authorities on a wide variety of planning issues.
“But in many ways it has been one of the most satisfying challenges we have taken on.
“Essentially we are giving some of the country’s biggest retailers access to communities they have identified as key development locations for their businesses, but have been unable access through lack of suitable sites.”
Construction work on the ten retail sites is expected to start early next year, subject to planning approvals. According to London & Scottish Developments, the project will create 2,000 new jobs across the region.
* London & Scottish Developments has previously worked on numerous residential developments in Scotland, including Lowther Terrace in Glasgow (pictured).