Tesco seeks to sell sites

Struggling retailer Tesco is seeking to recoup tens of millions of euros, from the sale of 25 development sites it had amassed for new stores or expansion, in 16 counties around Ireland.

The sites sell-off by Tesco, who at the start of 2015 announced a drive to cut overheads by 30%, and which included some redundancies, includes two Dublin properties, and five in Cork.

One Cork lot is 2.5 acres at the Wilton Shopping Centre and which could be worth c €1 million per acre.