Asda appoints CBRE to help open 300 stores by 2026
The company, which is owned by the Issa brothers and TDR Capital following the acquisition in October 2020, currently has 633 stores in the UK
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Asda has appointed global real estate advisor CBRE to help with its nationwide store expansion programme.
Last October, the retailer launched a new ‘Asda Express’ convenience brand to bring its great products and low prices to more communities across the UK.
The first two Asda Express stores opened before Christmas and Asda is planning to open a further 300 stores by the end of 2026.
The company, which is owned by the Issa brothers and TDR Capital following the acquisition in October 2020, currently has 633 stores in the UK.
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.”
