Asda appoints CBRE to aid with store expansion plan

Asda has appointed real estate advisor CBRE to help with its store expansion programme.

Last October, the retailer launched the new Asda Express convenience model as part of its ambitions in the channel. The first two Asda Express stores opened before Christmas in Sutton Coldfield and Tottenham Hale, with a further 300 stores planned to be open by the end of 2026.

Asda also recently acquired 129 convenience stores and attached petrol stations from the Co-op for £438m, and is working collaboratively with the Competition & Markets Authority to obtain regulatory approval for this deal.

Adrian Hanley, director of UK Retail at CBRE said: “Shopping patterns have evolved in recent years and whilst some shoppers will continue to grocery shop solely online, there will always be incredibly strong demand for physical grocery stores. Enhancing its store offering to include convenience stores on a national scale will further solidify Asda’s position as a leading supermarket. CBRE’s market-leading retail team and extensive network across the UK makes us perfectly placed to assist Asda in fulfilling the next step of their store strategy.”