Asda is to seek to develop land surrounding its stores for the first time. Daily Telegraph

ASDA’s property team, led by Jo Moon, who was formerly at Tesco, has now begun to look at land adjoining its 330 stores and 20 depots.

The first project is a 100,000 sq ft local headquarters for Barclays on Asda land in Poole. Asda will develop the property and lease it back to Barclays.

A spokesman said: ‘We are considering a range of opportunities for building out our estate but cannot comment further at present.’