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