Because Everyone Now Shops At Aldi, The Retailer Adds 500K SF To Its Midlands HQ

Aldi discount retail
Aldi's Chicago-Area Operation Inked The Largest Suburban Office Lease During Q3 2018.

Aldi, the fast-growing discount grocer, is planning to add another 201K SF of offices to its HQ at Atherstone as part of a 516K SF extension.

planning application submitted to North Warwickshire Council shows 201K SF of new offices, 183K SF of multi-storey car parking and 140K SF of new ambient and chilled warehousing.

In a statement supporting the application Aldi said they expected the £57M development to be phased over four years. The document predicts it will create 865 new jobs.

Plans to build on a 13-acre plot at Holly Lane, Atherstone, are expected to be decided by the council early this summer.

Figures released last week show Aldi now claiming 7.3% of total U.K. grocery spending, the German retailer's highest yet. The data, from Kantar Worldplanel, now puts Aldi ahead of the Co-op as the U.K.'s fifth-largest supermarket chain.

Aldi announced plans to double its store count to 1,000 by 2022 — and today it has just over 700 outlets. Observers say doubling store count will roughly double turnover, meaning Aldi breaks into the Big Four supermarket league — Asda, Morrisons, Tesco, Sainsbury — or, together with Lidl, turns the Big Four into the Big Six.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Birmingham Newsletters
Related Stories

'We're At A Juncture': Downtown Boston Retail Finds Its Post-Pandemic Footing

Lone Star Seeks 58% Uplift In Under 3 Years With £175M UK Mall Sale

Furniture Outlet The Dump Is Getting Dumped In Atlanta

Simon Approaching End Of The Road With Struggling Suburban Boston Mall

Chipotle Adding Hundreds Of New Locations Worldwide

Stockdale Capital Partners, Hamilton Lane Acquire Chino Hills Shopping Center For $157M

Bucks County Mall Closing As Owners Prepare Redevelopment Plans

Starbucks Spending $1B To Turn Cafés Into Community Lounges

Thor Equities Reacquires Retail Portion Of Palmer House After Losing It To Foreclosure In 2023

Lululemon Cuts U.S. Expansion Plans, New CEO Takes Helm At Athleisure Staple

Private REIT Closes $650M Refinancing Of 549-Property Daycare Portfolio

Buc-ee's Convenience Store Star Fades As Visits Slip