Tesco is opening a new store in an empty retail unit in the centre of Cheltenham.
The supermarket has exchanged contracts to take 4,100 sq ft of space on a 20-year lease.
Property investment and asset management specialist Addington Capital secured the letting at 111 High Street, next to John Lewis, on behalf of the retailer.
Tesco is taking half of the ground floor of the building, which was previously a retail unit that has since been repurposed.
The first and second floors of the property have been redeveloped into self-contained offices, with the first floor (7,400 sq ft) being let on completion of the redevelopment works to Just Go Travel.
The second floor office suite (3,700 sq ft) and one high street retail unit (4,700 sq ft) remain available to let.
Matthew Allen of Addington Capital said: “We have repurposed this 20,000 sq ft three-storey retail building to provide contemporary office and retail space and we are delighted to secure this letting to Tesco.
“The project is a template for future repurposing of large stores on UK high streets.”
He added: “Cheltenham is a historic spa town which can reinvent itself and thrive beyond the economic and retail trauma of 2020”.
