Asda deal gives green light to complete Edmonton Centre regeneration

Asda has signed up to take a 66,000 sq ft store in Edmonton Green Shopping Centre in a major deal which enables St Modwen Developments (Edmonton) Ltd, a subsidiary of St Modwen Properties PLC to press on with the £30 million regeneration of the North London centre.

Securing Asda’s involvement is a key element in the redevelopment of the centre which includes extending the retail space by 200,000 sq ft , developing a new 60,000 sq ft leisure centre, a 24-stand bus station and residential units.

The Asda store is to be constructed on the site of the existing local authority-run leisure centre which is to be re-located within the shopping centre before building commences of the new store which is scheduled to open early 2005.

Colin McQueston, Asset Manager of St Modwen, said: “Securing such a high profile retailer as Asda enables us to undertake the comprehensive redevelopment of Edmonton Green, which is one of London’s largest suburban shopping centres. “We are now submitting a revised planning application to cover the precise details of what is proposed. We already have ouitline consent for the fundamental scheme.”

The £2.2 million remodelled indoor Market Square in the shopping centre was opened in December.

* St Modwen has a long leasehold interest in Edmonton Green Shopping Centre, the freehold of which is held by Enfield Borough Council. St Modwen and Enfield are working in close partnership in effecting this important regeneration project.

For further information contact Colin McQueston on 020 7499 5666. Issued by

Paul Raymer of Howle Chapman Raymer (0121-236-7771).