Competition in the Irish grocery trade is set to turn out to be a lot more intense following the disclosure by German discounter
Lidl that it is looking for web sites
for greater than 60 further stores on both sides of the Border.
The planned expansion is believed to be the biggest by any from the main grocery multiples and coincides with signs of a continuing recovery in consumer spending in the Republic.
Lidl is already among the largest retailers in Ireland with 143 shops as well as a additional 38 in Northern Ireland. The other German discount chain Aldi has 115 shops in the Republic but does not trade in Northern Ireland.
Lidl has appointed CBRE’s Dublin and Belfast offices to find key websites in cities and towns to facilitate the expansion. After opening its initial retailer right here in 2000, it expanded quickly and "experienced unparalleled development throughout their lifetime in Ireland," based on the organization.
As a part of the continued expansion strategy it says it's "looking to open extra 60-plus stores on high profile websites with great visibility and accessibility."
The ideal website will probably be two acres in size although smaller sized plots of about a single acre will probably be considered in high density urban places. There's also a preference for freehold properties to accommodate stores ranging in size from 1,800 sq m to two,400 sq m (19, 375 sq ft/25,833 sq ft).
Florence Stanley, head of retail at CBRE Dublin, said that in addition to mounting a countrywide search for suitable web sites, they could be contacting nearby estate agents to find the best business locations.
"It may well take a although to fulfil our commitment but if we manage to line up 60 websites within 3 years our client would most likely be happy."
Although most of the existing Lidl properties have substantial parking facilities, the company has also been in a position to avail of smaller, well-located web sites by putting the shops on stilts and using the space underneath the developing for parking.
1 such retailer is situated on the 1.14-acre former Sunday Planet web site in Terenure which not too long ago opened for business.
That website was bought by a residential development business throughout the home boom for €18.three million and was acquired right after the crash by Lidl for more than €4 million.
Not great news
Tara Buckley, director general from the Retail Grocery Dairy and Allied Trades Association, mentioned 60 discount supermarkets was not good news for Irish towns and villages.
A report by economist Jim Energy had shown that a euro spent inside a locally owned shop was worth three occasions greater than a single http://www.asp500.com/
spent inside a British or German chain. In the end in the day their income go back to Germany or the UK.
Lidl’s share of the discount market in the North has risen significantly over the years although surprisingly the business has not been challenged in that market by Aldi. That business not too long ago confirmed that its planned £600 million expansion within the UK - it's to open yet another 550 outlets - is not going to include Northern Ireland.
Meanwhile, Tesco continues to be mulling over the lengthy delayed megastore planned for Liffey Valley Purchasing Centre in west Dublin. It has denied it's to be abandoned just like 49 other supermarket projects within the UK.
Organizing permission for the store was granted by An Bord Plean?la in June 2016 and, according to an official spokesperson, the organization is "working via preparing compliance with the nearby authority and as such a commencement date for the development has not yet been finalised".