A supermarket on 2 – 4 Dean Street in Soho, currently operated by Tesco, has been designated an Asset of Community Value (ACV) by Westminster Council. Following an official nomination made by the Soho Society, the council has formally recognised that the supermarket on Dean Street is an asset within Soho which makes an important contribution to local life.
Access to affordable food and other daily goods is vital for all communities. The need is particularly acute in Soho, where a third of residents live in social housing and are more vulnerable to the high cost of daily goods. While there are other convenience stores within the vicinity, this supermarket offers the best range of products and price points which is why the council has taken the decision to protect its use.
Recognising the supermarket as an Asset of Community Value means that if the property is up for sale, the local community group will be offered a chance to purchase it first. The property will remain on the list of assets of community value for five years.
Cllr Geoff Barraclough, Cabinet Member for Planning and Economic Development said:
Local supermarkets are staples of daily life, and it is well known that there are fewer places in central London for grocery shopping. That is why I am pleased we can mark this supermarket in Soho as an asset to the community, acknowledging that it is serving local people by providing space for a wide range of affordable food."
Published: 3 January 2024