UK: Lidl announces £435 million warehousing investment

Lidl, the leading German discount retailer, has announced it has invested £435 million ($589 million) in warehousing operations in the UK to support plans to grow its network to 1,000 stores.

At the company’s Belvedere site in London, the company has invested £285 million ($386 million) across two buildings, boosting capacity to 800,000 sq ft. The upgrade represents a 167% increase in the facility’s footprint since it first opened in 2003, and will allow it to serve 120 stores once fully operational.

Meanwhile, in Gildersome, Leeds, construction has started on a 38-acre site, backed by a £150 million ($203 million) investment.

Commenting on the investment, Richard Taylor, chief real estate officer at Lidl GB said: “We’re proud to play our role in driving economic growth, while continuing to establish an infrastructure that delivers sustainable growth for our ambitious expansion plans. But these investments are not just about logistics. The updates today also represent an investment in our mission to make good food accessible to households across the country”.

Source: Lidl