THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
People in Retail Awards 2023
Retail Marketplace Strategy 2023
Omni Channel Futures 2023
Retail HR Central
Digital Transformation Strategy 2023
Customer Engagement Strategy 2023
Retail HR 2023
THE Retail Conference 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Aldi signs for 85,000 square feet of space at British Land retail parks

British Land has agreed leasing deals with the Aldi supermarket chain for four retail park sites. With the total space spanning around 85,000 square feet, Aldi… View Article

FOOD & DRINK

Aldi signs for 85,000 square feet of space at British Land retail parks

British Land has agreed leasing deals with the Aldi supermarket chain for four retail park sites.

With the total space spanning around 85,000 square feet, Aldi will open 20,000 square foot shops at at Crown Wharf in Walsall and the Crownpoint Shopping Park in Denton.  

In addition, the supermarket will launch a 24,000 square foot store at Kingston Centre in Milton Keynes and a 21,000 square foot expanded shop at Mostyn Champneys Shopping Park in Llandudno, which will be double the size of its current store.

George Brown, national property director at Aldi, said: “Our store openings help to bring Aldi’s award-winning quality and unbeatable value to even more people across the UK, and we are delighted to be able to welcome more shoppers through our doors in these excellent new locations.”

After identifying a value opportunity in retail parks last year, British Land has since made circa £400 million worth of acquisitions to bring its retail park portfolio value to £1.7 billion.

Darren Richards, head of real estate at British Land, said: “This string of deals highlights the continued confidence in retail parks, which are an increasingly preferred format for our customers. The sector has attractive long-term fundamentals driving increased occupier demand, including low operational cost for retailers combined with excellent accessibility.” 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News