Discount grocer Lidl plans to build 3,000 homes in next three years

By Laura Mullan
Discount grocer Lidl aims to ramp up its property initiative, with plans to develop up to 3,000 new homes in London over the next three years. The Germ...

Discount grocer Lidl aims to ramp up its property initiative, with plans to develop up to 3,000 new homes in London over the next three years.

The German grocer’s entry into the construction sector may indicate how retailers are increasingly pursuing mixed-use developments in order to get planning permission for new stores, according to The Guardian. 

By building homes and facilities such as schools, the retailer has a greater chance of persuading a local council that a new store could be beneficial for the area. 

SEE ALSO:

Lidl has been in the housing development market since 2008 and it says it has already supported the creation of 811 homes – with 335 already built and a further 476 in the pipeline. 

Its new development plans include mixed-use schemes that feature office, hotels, student accommodation and schools. 

Lidl chief executive Christian Hartnagel said the retailer was "proud" of the way it is helping to "pave the way for mixed-use developments".

"To date, our stores have supported the creation of over 800 homes, which have either been built or are soon to be built, and we're entirely open to exploring opportunities to help facilitate further developments," he said.

"In London alone, for example, there is the potential for Lidl stores to be part of schemes that could see over 3,000 new homes being built over the next three years.

"It continues to mean a great deal to us that we are able to support many of the communities that we're a part of by providing added value above and beyond affordable food."

Share

Featured Articles

Open ECX is transforming construction with digital solutions

Open ECX offers innovative, cloud-based e-trading solutions for the construction sector and its associated supply chain

Bechtel and CWP Global spot Africa green hydrogen potential

Partnership involving CWP Global and Bechtel to provide planning solutions for integrated configurations involving green hydrogen facilities

'Better with Bellway' sustainability strategy launched

Bellway's new sustainability strategy coincides with half-year results in which the UK homebuilder's operating profit rose 11.6% to £332.2mn

Construction of utility scale solar farms to accelerate

Construction Projects

China's longest reconstructed bridge to open early April

Construction Projects

Construction firms must focus on water neutrality

EPC