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Aldi Sets London Expansion With 100 New Stores And 3,500 Jobs
https://www.whatjobs.com/news/united-kingdom/uk-employment-news/aldi-sets-london-expansion-with-100-new-stores-and-3500-jobs
By Nithya Bose in Business News, posted March 24, 2024
Aldi has announced plans to strengthen its presence in London, which is expected to create 3,500 new jobs in the city.
The retailer targets specific locations such as Notting Hill, Chelsea, and Richmond for new stores.
This initiative forms part of the supermarket's broader strategy to increase its UK footprint to 1,500 outlets.
The company focuses on expanding within the M25 area to meet the high demand in London.
The German retailer will establish an additional 100 stores within this region, backed by a substantial £500 million investment.
To secure suitable sites for its new stores, Aldi is incentivizing property agents with a finder’s fee.
It proposes 1.5 percent of the purchase price for freehold locations or 10 percent of the first year’s rent for leased properties, provided the sites were previously unknown to the company.
Aldi is looking for properties that can accommodate its standard store model, which typically spans 20,000 square feet.
It includes around 100 parking spaces and is ideally situated on a main road with good visibility and accessibility.
Additionally, the supermarket is interested in smaller sites for its Aldi Local format, which requires around 5,000 square feet.
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The list of priority locations for new Aldi stores extends beyond the initially mentioned areas, including Bromley, Beckenham, Walthamstow, Wanstead, and several others throughout London.
Jonathan Neale, Aldi UK's Managing Director of National Real Estate, said: “We want to make high quality, affordable food accessible to all, but there are still many areas in the capital that don’t have access to an Aldi and, as a result, too many people have to make do with big prices at the traditional supermarkets.
“The locations we’ve identified are places where there is demand for our stores and we are committed to continue investing until we can bring our quality products and unbeatable prices to as many people as possible.”
Recently, Aldi announced a pay rise for its London employees to £13.65 an hour, positioning itself as the highest-paying supermarket in the UK for store colleagues.
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