Tesco sells 14 sites it acquired to build supermarkets on for £250m

These are the 14 sites that Tesco has sold

Tesco is selling the sites to Meyer Bergman, a property investment firm

Tesco has sold 14 sites, mostly across London and the South East, that it bought to building supermarkets on.

The property deal is worth £250 million and comes as Dave Lewis, the company chief executive, tries to stop Tesco losing so much money. In October it revealed that underlying profits for the first half of the financial year had more than halved, down 55 per cent from £779 million in 2014 to £354 million in 2015.

Tesco is selling the sites to Meyer Bergman, a property investment firm to try and save money.

In January, Tesco walked away from 49 large supermarkets, some of which had already been built and closed 43 unprofitable stores.

The decision has already been criticised by Pat McFadden, a local Labour MP in Wolverhampton South East, who told the BBC that the community felt let down.

These are the 14 sites that Tesco has sold, according to the BBC:

• Bath Press Site - London Road
• Fulham High Street
• Highams Park - next to existing Tesco store
• Hounslow - next to Hounslow bus garage
• Lewisham - next to existing Tesco store
• New Barnet - East Barnet Road
• St Albans - London Road
• Tolworth - Former MOD site next to Tolworth Broadway and A3
• Hillingdon Master Brewer Site - Hillingdon Circus
• Woolwich Phase 3 - next to existing Extra store
• Woolwich Phase 4 - as above
• Epsom - Upper High Street 
• Kensington - next to existing Cromwell Road store