Asda ropes in CBRE to support convenience store expansion

Asda has appointed global real estate advisor CBRE to assist on their extensive nationwide store expansion programme.

The supermarket group, owned by the Issa brothers and TDR capital, has launched a new ‘Asda Express’ convenience brand in last October. The first two Asda Express stores opened before Christmas and Asda is planning to a further 300 stores by the end of 2026.

“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,” Adrian Hanley, Director, UK Retail at CBRE, said.

“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.”