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After negotiating a £2.4m discount on the original price, Asda have now paid the £17.75million price tag for the land at St George's Park in Newport. Work on the site could start as early as Spring 2016.
The ASDA Isle of Wight plans to open in Newport.
The supermarket chain received planning permission in Dec 2014 to build a supermarket just outside Newport, Isle of Wight. They currently have 525 branches across the country and employ 160,000 people.
ASDA is subsidiary of the American retail corporate giant Walmart. Below are articles relating to the supermarket chain.