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Swan Development Restarts

Tesco are saying the following:
TESCO GIVEN GREEN LIGHT FOR YARDLEY SWAN CENTRE

Tesco is preparing to restart activity at Yardley after being given the green light from the Secretary of State on a CPO inquiry that has held up the scheme.

Following the decision Tesco is now in a position to complete the necessary land assembly of the site and to prepare for construction work on the scheme, which includes an 80,000sq ft Tesco Extra store, creating around 500 full and part time jobs.

The next stage in the process will be include tendering for a main contractor to be appointed for the construction phase.

Tony Fletcher, corporate affairs manager for Tesco, said: “Now that the period of appeal is over, we can concentrate on completing the remaining land acquisition required for the scheme and move forward with bringing the new store and retail offering to fruition.

“We are aware that the hold-up has caused much frustration to local residents so we are delighted to be able to restart the programme in order to begin construction as soon as possible.”

The multi million pound development will bring a total of 150,000 sq ft of retail space to Yardley, including a precinct of new shops.

The new scheme will also see improvements to the road layout around the Swan Centre, as well as providing car parking space for local residents - and 700 spaces for shoppers. Extra security will also be provided with a car park management team and the installation of CCTV cameras.

Project officials hope that construction of the new store can begin later this summer.

John Hemming said, "I am pleased that we will now restart the
development. The people of Yardley have been waiting almost a decade for
this project. We supported Tesco against Sainsbury because they didn't
encroach on Oakland Park and offered a substantial multi million pound dowry for
the local park as well as regenerating The Swan Shopping Centre."

"The people of Bakeman House particularly have had to spend too much time
living in a partial development and I am sure they particulary will join
Dave Willis, Daphne Gaved, Dave Osborne, Jim Whorwood and myself in
welcoming the next steps of this project."

"Yardley does need more jobs and this will provide many jobs both during
the development and when the centre opens in 2011."

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