Asda lays out requirements for convenience store rollout

Asda is seeking properties nationwide for its store expansion plans, following its appointment of real estate advisor CBRE.

The advisory firm has been chosen to bring the grocer’s ‘Asda Express’ brand to more sites across the UK.

Asda is searching for sites between 3,500 and 5,000 sq ft in highly visible locations close to transport hubs. Ideal sites will have a petrol filling station and will be based in new housing developments or district centres.

The grocer is also considering the acquisition of existing businesses and further supermarket opportunities.

Launched in October 2022, Asda Express is the retailer’s smaller-format convenience brand. The first two Asda Express stores opened before Christmas and the grocer is looking to open another 300 by the end of 2026.

Adrian Hanley, director, 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.”

Founded in 1949, Asda currently operates 633 stores across the UK. In October 2020, the supermarket retailer was acquired by the billionaire Issa Brothers and TDR Capital.