Over the next five years Lidl is to invest £500 million to expand its presence in London with 40 new outlets, including a 1,300 sq m store in Fitzrovia near Warren Street tube station, and the addition of a 40,000 sq m unit at its Belvedere distribution centre.
Lidl has purchased of a 25-acre site adjacent to its existing warehouse on Fishers Way which services its South London stores. It plans to develop a 40,000 sq m unit which will operate alongside its current 29,000 sq m distribution centre, doubling its capacity and strengthening its logistics across the region.
The £500 million investment also includes a new head office in Tolworth which features 250,000 sq ft of space. Construction on this has begun. Likewise, Lidl has opened a 1,000,000 sq ft regional distribution centre near Luton to support its warehouses in Belvedere, Northfleet and Enfield as part of its expansion plans.
Lidl’s Warren Street store “comes as a direct result of continued customer demand for the Lidl offering across the capital, and joins a pipeline of new stores planned for the near future,” said chief development officer Ingo Fischer. “These will be supported by our investment of our operations and infrastructure, including a new distribution centre near Luton, the expansion of our Belvedere warehouse and, of course, our new London HQ.”