Aldi has revealed that it is looking secure more sites in London as part of a multi-million-pound expansion plan.
The discounter wants to almost double its 60-strong estate within the M25, creating around 2,400 jobs. Aldi currently has more than 990 stores across the UK, with it on track to open its 1,000th supermarket later this year.
Aldi is offering property agents a finder’s fee of either 1.5% of a freehold price or 10% of the first year’s rent for leasehold sites for recommending previously unknown sites in London.
The company is looking for locations big enough for its standard 20,000 sq. ft. stores and parking spaces, preferably on main roads and with good access. In addition, Aldi stated it was on the lookout for sites to accommodate its smaller Local format, which is around 5,000 sq. ft. in size.
Ben Shotter, Regional Managing Director at Aldi, said: “We strongly believe that access to affordable, high-quality food is a right, not a privilege. But we’re conscious that there are still many areas, particularly in the capital and within the M25, that don’t have access to an Aldi.
“As a result, too many people have to make do with big prices at the big supermarkets. We want to give more people a new Aldi store with our award-winning products at unbeatable prices. We are looking for locations across the UK, but particularly in London.”
NAM Implications:
- Only double?
- Think one of the most concentrated markets in Western Europe…
- …and see if you think 120 outlets will be a stopping point.
- And with so much Lockdown fallout still to emerge in terms of small/medium retail…
- …finding sites will not be a problem.
- How long before Aldi ranks with Tesco as a must-have member of your customer portfolio?
