Capital & Regional Regulatory News (CAL)

1 Feb 2006 17:10

Capital & Regional plc01 February 2006 1 February 2006 CAPITAL & REGIONAL PLC: SIGN ASDA FOR RETAIL PARK IN LECKWITH, CARDIFF Capital & Regional plc, the co-investing property asset manager and developer ofthe planned Capital Retail Park at Leckwith, today announces that it has signedcontracts with supermarket chain Asda to take space on the 400,000 sq ft retailpark. Asda will occupy a 92,000 sq ft unit and will join giant cash and carrymembership retailer, Costco which has already agreed to open a 135,000 sq ftstore. The proposed retail park development links with the Cardiff City FootballClub's new stadium plans. Capital Retail Park is to be developed by Capital & Regional in conjunction withCardiff based PMG Estates Ltd. Andrew Lewis-Pratt, Board Director of Capital & Regional plc comments, "We aredelighted that a major supermarket chain such as Asda has agreed to be one ofthe key anchors at the retail park." Paul Lowe, Asda's senior development surveyor, said that the new developmentwould create exciting new opportunities for the company and its customers in theWelsh Capital. "We recognise the growing economy of Cardiff and we are lookingforward to opening our fourth store in the City providing customers with greaterchoice and a greater range of quality goods." He added that the new store wouldcomplement its existing three stores in Cardiff and reiterated that the companyhad further new store aspirations in the Capital. - ENDS - For further information: Capital & Regional plc:Martin Barber, Chief Executive Tel: 020 7932 8101John Gatley, The Junction Tel. 020 7932 8000 Redwood Consulting: Kate Hewson Tel: 020 7828 5553 gcg hudson sandler: Michael Sandler / James Benjamin Tel: 020 7796 4133 This information is provided by RNS The company news service from the London Stock Exchange