Capital & Regional signs contracts with Asda to take space on 400,000 sq ft retail park (UK)

Capital & Regional plc, the co-investing property asset manager and developer of the planned Capital Retail Park at Leckwith, has announced that it has signed contracts with supermarket chain Asda to take space on the 400,000 ft retail park.

Asda will occupy a 92,000 sq ft unit and will join giant cash and carry membership retailer, Costco which has already agreed to open a 135,000 sq ft store. The proposed retail park development links with the Cardiff City Football Clubs new stadium plans.

Capital Retail Park is to be developed by Capital & Regional in conjunction with Cardiff based PMG Estates Ltd.

Andrew Lewis-Pratt, Board Director of Capital & Regional plc comments, We are delighted that a major supermarket chain such as Asda has agreed to be one of the key anchors at the retail park.

Paul Lowe, Asdas senior development surveyor, said that the new development would create exciting new opportunities for the company and its customers in the Welsh Capital. We recognise the growing economy of Cardiff and we are looking forward to opening our fourth store in the City providing customers with greater choice and a greater range of quality goods. He added that the new store would complement its existing three stores in Cardiff and reiterated that the company had further new store aspirations in the Capital.

Source: Capital & Regional

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