Asda has unveiled plans for a transformational mixed-use redevelopment of its ten-acre Park Royal site in North West London.
The retailer has partnered with leading property Developer Barratt London on plans to redevelop the Brownfield site which is currently home to its Park Royal Superstore.
The proposal, which is subject to planning approval, includes creating a new town centre for the local community, at the heart of the Old Oak and Park Royal Development Corporation major regeneration area.
It will feature a brand-new 60,000 sq. ft flagship Asda Superstore and up to 400 car parking spaces for customers.
In addition, up to c.1500 new homes are planned, c.500 of these will be provided as affordable. A large number of the apartments will utilise a landscaped podium above the new Asda.
This Mixed-Use Redevelopment of an established store site is a first for Asda and represents one of the largest land deals of the last couple of years.
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.”
Asda recently announced it has now opened 479 Asda Express stores, as part of its rapid convenience expansion, enabling the retailer to reach the landmark of 1,000 UK sites for the first time in its 59-year history.
The retailer is on track to have 500 Asda Express stores by the end of this year as new ‘standalone’ sites open throughout the UK as part of its ongoing growth ambition.
