London SE1 community website

Tesco Express to open in Tower Bridge Road

London SE1 website team

Tesco is to open a new convenience store in the former Lloyds TSB bank premises on Tower Bridge Road.

New Tesco Express, Tower Bridge Road

The supermarket chain has taken a 20-year lease on the property – which is just south of the junction with Rothsay Street – paying an annual rent of 56,000.

The new store will compete with Sainsbury's Local at Bermondsey Square which opened in September 2008.

News of Tesco's arrival is unlikely to be welcomed by the many independent convenience stores which line Tower Bridge Road. One of the shop businesses has recently been advertised for sale at 119,000.

There is also a Tesco Express store at Empire Square in Long Lane and another new branch is opening in the former Woolworths premises at The Blue in Southwark Park Road.

Planning applications for Tesco's new shop frontage and signs in Tower Bridge Road have already been submitted to Southwark Council.

The SE1 website is supported by people like you
We are part of
Independent Community News Network
Email newsletter

For the latest local news and events direct to your inbox every Monday, you need our weekly email newsletter SE1 Direct.

7,000+ locals read it every week. Can you afford to miss out?

Read the latest issue before signing up

News archive from February 1999 to January 2001
Got a story for us?
Contact us with your tip-offs and story ideas.