Asda wants to build a new ‘town centre’ in UK with 60,000 sq ft flagship store surrounded by 35-storey tower blocks

ASDA has revealed plans to convert an existing superstore into a brand new “town centre” development – complete with a flagship branch. The development will also include up to 1,500 new homes and EV parking spots. The new site would be set within a 35-storey tower Credit: Asda Around 1,500 new homes have also been proposed for the area Credit: Asda Asda has proposed to convert its existing Park Royal site, in north-west London, into a 60,000 sq ft “flagship” development – including new homes, retail spaces and restaurants. The location would feature up to 400 new car parking spaces – of which a percentage will be suitable for electric vehicles – and would be set within a 35-storey tower. Sign up for the Money newsletter Thank you! This marks the first time the retailer intends to redevelop an established store site and “represents one of the largest land deals of the last couple of years”, according to the firm. In addition to the new store, more than 1,500 new homes have been proposed for the site, with around 500 of these set to be sold as affordable housing. The town centre development would also include new restaurants, shops, fitness facilities and a community hub. Ian Lawrence, head of mixed-use developments at Asda, said: “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.” Work on the planning application is already underway and set to be submitted later this year. Asda added that its existing Park Royal Superstore would remain open while work is carried out on the new store development. Most read in Money This comes as the retailer opened its 479th Asda Express store, reaching a total of 1,000 sites across the UK. The supermarket now intends to open more ‘standalone’ locations throughout the country as part of its ongoing growth ambition. Comment now