Asda has bought a East Kilbride site for more than £27m to develop a major shopping centre.
The supermarket chain was selected by South Lanarkshire Council today to develop the store of up to 130,000 sq ft at the council-owned Kittoch Field.
Six parties bid for the chance to operate and develop the store. ASDA beat competition from Tesco and Sainsbury’s who bid £31.5m and £33m respectively. The other bidders for the site were Deanway Developments, MacDonald Estates and Vico Group.
A panning report before the council today said: ‘Whilst not the highest of the six bids submitted, the Asda submission offers the best combination of price, price risk, planning and design and retail impact and diversity.’
It is proposed that the 11-acre site be leased to Asda for 175 years.
Council leader Eddie McAvoy said the money from the sale would be spent on the regeneration of East Kilbride Town Centre