Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

Lidl Commits To Housing Projects To Secure Planning Permission

Discounter Lidl has said that it plans to lead the development of more than 3,000 homes around the Greater London area, in order to secure planning permission for a number of new stores in the UK capital, The Guardian has reported.

The retail group also plans to develop a primary school in the suburb of Richmond, located above a Lidl store, which will include an outdoor playground space, according to the paper.

The discounter said that it wants to open 50 stores a year around the UK, and is upping its focus on city locations. In pledging to develop apartments and schools, the discounter is hoping to persuade councils to pass the new retail developments.

Important Initiatives

"We’re proud that our stores are increasingly helping to pave the way for mixed-use developments, which in turn are supporting important initiatives," said Christian Härtnagel, the group's UK managing director.

It's not the first retailer to commit to developing housing, with Tesco, Sainsbury's and Morrisons all previously committing to developing apartments in order to secure planning permission, The Guardian reported.

“Lidl and Aldi both need to aggressively push into the south-east, especially London, and the only way they can afford to pay a premium for development sites is to also do residential,” Tom Edson of property consultancy Colliers told the paper.

“Having people above the shop is not a bad thing. It means you have got a ready customer base."

© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.

 

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days