It's reported that ASDA is close to agreeing a deal to buy the former Arntz Belting site in Derry.
According to the BBC, the company hopes to open a new store on the 12 acre site at Pennyburn which could create up to 430 jobs.
It's expected that an application will be made as soon as the contract is signed. ASDA already has a planning application for a store Crescent Link in the Waterside, one of several outstanding supermarket applications in the Derry area.
There's been a mixed reaction to the news today in the wider Pennyburn area, people are welcoming the prospect of jobs, but many are concerned at the increase in traffic in the area.
Foyle MLA Mark H Durkan says if this comes to pass, a lot of preparatory work would have to be done........