Asda moves into the London housing market: Supermarket giant plans to create new 'town centre' by...

Supermarket giant Asda is moving into the housing market, with plans to create a new ‘town’ on the site of one of its largest stores.

Asda said it hopes other businesses would also move onto the 10-acre site, including shops, restaurants and health facilities. Read More Battle of the British supermarkets: Asda's sales growth lags behind its rivals in latest blow for the billionaire Issa brothers - but where does YOUR favourite rank? ‘By working with leading developers like Barratt London, we are able to maximise the full potential of our property portfolio for the first time.

It is understood Barratt London will acquire the freehold to Asda’s Park Royal site, although the price has not been confirmed. One resident said: 'The proposed development is obscene. Grossly out of keeping with the town and setting a dreadful precedent for future schemes.

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Asda moves into the London housing market: Supermarket giant plans to create new 'town centre' by...The proposed new Asda store in Park Royal, north-west London, will include up to 1,500 homes - although none of them will come with a parking space
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