Lidl looks to raise £91m to build 12 new stores

19th February 2024 | Jack Oliver

Lidl is looking to raise £91.1m as part of plans to build 12 new stores.

The supermarket retailer is seeking investment partners to develop the stores, which it will then rent, The Grocer has reported.

Target locations include Alexandria in West Dunbartonshire, Birmingham, Bovey Tracey and Crediton in Devon, Bristol, Downham Market, Hull, Manchester, Northampton, Reading, Redcar, and Saffron Walden.

This would be the first time the retailer has used this method of store expansion, as only around a fifth of Lidl’s UK store base is leasehold.

Lidl recently announced that it would be reducing the amount of stores it opens as it looks instead to focus on its warehousing capabilities. The strategy is in stark contrast to closest rival Aldi, which recently announced it will invest over £550m into its store and distribution network.


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