Lidl invests £435 million in warehouses to support further growth
Lidl has announced that it has completed a two-stage extension at its warehouse in London’s Belvedere following an investment of £285 million across two buildings.
The first investment phase, which included the construction of a new second warehouse, equated to £160 million.
Meanwhile, the second stage involved the demolition of the original building to make way for a state-of-the art warehouse that tripled capacity.
The news means that the supermarket now has 800,000 square feet of warehouse space at Belvedere, which is a 167% increase on when the site opened in 2003. Once fully operational, it will serve 120 stores and will create 120 jobs.
Subscribe to TRBLast month, Lidl began construction for a Leeds warehouse at its 38-acre site in Gildersome. This will involve the retailer investing £150 million and will result in the creation of 400 new roles.
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.”
Rachel Reeves, Chancellor of the Exchequer, said: “This investment is a strong vote of confidence in the UK economy, and Lidl’s commitment to new warehouse facilities in London and Leeds will unlock hundreds of new jobs, strengthen supply chains, and ensure families can access affordable, quality food.”
