Aldi has revealed the areas it wants to create new stores in Tyne & Wear as it invests £1.4bn over the next two years.
In its annual trading update, Aldi said it had attracted around a million extra customers in the past 12 months with a new generation of savvy shoppers looking for value shopping.
Britain’s fourth largest supermarket, which opened its 1,000th store earlier this month, is committed to a long-term target of 1,500 stores in the UK – meaning it is on the hunt for more locations across the UK.
- To receive a complimentary copy of BUSINESSiQ magazine FREE in the post, CLICK HERE
It has confirmed that the areas where it is currently looking for sites include Newcastle, Sunderland and South Shields.
Aldi is searching for freehold town-centre, edge-of-centre, and retail park sites suitable for property development. The sites should be able to accommodate a 20,000 sq foot store with around 100 parking spaces. Ideally the location will be near a main road with good visibility and access.
The supermarket will also be investing in the development of new and expanded distribution centres, including its new distribution centre in Leicestershire.
Richard Thornton, Communications Director at Aldi UK, said: “We want to make our great value groceries accessible to all, and to do that we need more stores, particularly in towns and areas that don’t have an Aldi already. “
Read more:
- Huge boost for North East creative sector as funding rolled out
- Irwin Mitchell buys Silk Family Law
- APPOINTMENTS: Key moves at influential companies around the North East
"The areas we’ve identified in our latest list are places where there is demand for stores and we are committed to continue investing until we can bring our quality products and unbeatable prices to as many people as possible.”
Anybody who has a site that may fit Aldi’s requirements should contact info.nationalproperty@aldi.co.uk, or for more information on Aldi’s nationwide site requirements, CLICK HERE.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here