// Asda hires real estate advisors CBRE to work on its store expansion programme
// Asda is planning to open a further 300 convenience stores by end of 2026
Asda has drafted in real estate advisors CBRE to work on its store expansion programme in the UK.
The grocer is owned by the Issa brothers and TDR capital and has 633 stores in the UK.
Last October, the retailer launched a new ‘Asda Express’ convenience brand. The first two Asda Express stores opened before Christmas and Asda is planning to open a further 300 stores by the end of 2026.
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CBRE UK retail director, Adrian Hanley 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.”
