Lidl is swiftly advancing its expansion across the United Kingdom with a significant £70 million sale and leaseback arrangement, ensuring the opening of 10 new stores before Christmas.
The recent sale and leaseback transaction, a collaboration between Roadside Real Estate and Meadow Partners, involves 12 new stores in various locations including Crediton, Manchester, and Saffron Walden. Richard Taylor, Lidl GB’s chief development officer, commented on this development, asserting the company’s ongoing efforts to broaden its reach, thus providing more households with access to a Lidl store close to their homes.
In the lead-up to the festive season, Lidl is set to unveil 10 new stores, among them are locations such as Berwick Green in Bristol, Bovey Tracey in Devon, and Stirchley in Birmingham. This expansion is anticipated to generate approximately 400 jobs, contributing to local economies and community growth.
Particularly in London, three additional Lidl outlets will be introduced in Hoxton, Forest Gate, and Caterham. Furthermore, Lidl intends to reopen and renovate three previously existing stores located in Chessington, Connah’s Quay, and Dagenham Heathway. This resurgence follows store launches in Worthing over the summer and a recent opening in Fulham last September.
Richard Taylor highlighted Lidl’s dedication to increasing its footprint, underscoring their ambition to open hundreds more stores in the foreseeable future. He stated, “Our teams are constantly scouring the country for new sites, identifying opportunities not just in towns where we don’t currently have stores, but also in areas where existing stores are experiencing increasing demand.”
Lidl’s strategic expansion plan is a testament to its commitment to delivering affordable, quality groceries while fostering job creation. As it continues to evaluate and seize opportunities in emerging markets, the retailer strengthens its presence and competitiveness nationwide.
