THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Retail HR North 2025
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Asda unveils plans for significant mixed-use redevelopment at Park Royal

Asda is partnering with Barratt London on a proposal for a mixed-use redevelopment of its ten-acre site in Park Royal which is home to an Asda… View Article

FOOD AND DRINK NEWS UK

Asda unveils plans for significant mixed-use redevelopment at Park Royal

Asda is partnering with Barratt London on a proposal for a mixed-use redevelopment of its ten-acre site in Park Royal which is home to an Asda Superstore.

With work on the planning application currently underway, the proposal will be submitted to the relevant bodies later this year.

The plans for the brownfield site include creating a new town centre for the local community at the heart of the Old Oak and Park Royal Development Corporation major regeneration area.

There will also be space for complementary businesses to open new retail units, restaurants, and health and wellness facilities.

Ian Lawrence, head of mixed-use developments at Asda, said: “Asda’s venture into mixed-use property re-development marks a significant milestone for the Business. By working with leading developers like Barratt London, we are able to maximise the full potential of our property portfolio for the first time.”

“This allows us the opportunity to better serve local communities like Park Royal, with a new flagship store fit for the future, whilst creating windfall sites for housing delivery.

“We are also unlocking further opportunities to release value from our extensive property portfolio, which can be reinvested back into the business to fund other initiatives and support our long-term growth ambition to become the UK’s second largest supermarket chain.”

Asda recently announced that it has now opened 479 Asda Express stores as part of its convenience expansion. Th retailer is now on track to have 500 Asda Express stores by the end of this year as new standalone sites open throughout the UK.

Subscribe For Retail News