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Saturday, 23 May 2015

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Sainsbury's pulls out of Prudhoe scheme

SAINSBURY’S has turned its back on the controversial redevelopment of Prudhoe town centre.

The supermarket chain has always been seen as the anchor tenant for the Duke of Northumberland’s £30m scheme to give Prudhoe a new heart.
But this week, it confirmed it was no longer interested in taking the tenancy of the Duke’s flagship store.
A spokesman said: “Sainsbury’s has not been involved in Northumberland Estates development for some time.
“While we are always looking for opportunities for new supermarkets and convenience stores, we have no plans for Prudhoe at present.”
The Sainsbury turn-around is a real body blow for Northumberland Estates, the Duke’s development group, which has invested a huge amount of time and money in the project.