Advised by Colliers International’s UK Retail Investment Team, Development Securities has signed a £41m deal with Aberdeen Asset Management clients to forward-fund the development of an 81,000 sq ft Morrisons superstore in Edgware Road, London.

The outlet will anchor a £150m mixed-use regeneration scheme on the seven-acre Oriental City site.

The first phase of the development in which Morrisons features will also include a 56,000 sq ft oriental and far eastern retail and leisure quarter comprising restaurants, public realm and shops.

Annie Millar of Colliers’ UK Retail Investment Team comments: “This is a significant forward-funding in the supermarket sector and will enable a major development to progress”.