Sainsbury’s pulls out of Wanstead High Street Barclays plan
14:31 20 September 2016
Plans for Sainsbury’s to open a new store in an abandoned bank have been called off.
The supermarket chain acquired the former Barclays building in Wanstead High Street when the bank closed in 2014.
Sainsbury’s had originally planned to open a store by Christmas 2015, but after contractors reviewed the site it was revealed that extensive construction work would need to be carried out before a store could be opened.
A spokesman for the supermarket chain confirmed they would sell the building.
He said: “We remain very interested in opening a new shop in Wanstead.
“However following a review we have decided not to progress our plans for a new convenience store at the former Barclays Bank.
“Clearly this was not an easy decision to make and we’re grateful for people’s patience and support.
“We will now be marketing the site to interested parties so we bring the building back into use as quickly as possible.”
In June this year, Sainsbury’s was forced to go through the courts to evict a group of squatters that had taken up residence in the abandoned building.