Developer Bericote has secured a site for a 120,000 sq ft dot-com store for ASDA at Midpoint Park near Birmingham in the West Midlands.
It is thought to have paid in the region of £550,000 an acre for the site which will also include a further 100,000 sq ft warehouse that the developer intends to speculatively develop.
Planning has already been sought for the 14 acre site and all development is scheduled for completion in 2015. Investment in the site is around £25 million and could provide up to 660 jobs. There is strong occupier interest in the speculative unit already.
