Competition within the Irish grocery trade is set to grow to be even more intense following the disclosure by German discounter Lidl that it is seeking for web sites for greater than 60 extra stores on each sides of the Border.

The planned expansion is believed to become the biggest by any in the principal grocery multiples and coincides with signs of a continuing recovery in customer spending in the Republic.

Lidl is currently one of the largest retailers in Ireland with 143 shops as well as a further 38 in Northern Ireland. The other German discount chain Aldi has 115 retailers in the Republic but doesn't trade in Northern Ireland.

Lidl has appointed CBRE’s Dublin and Belfast offices to locate key sites in cities and towns to facilitate the expansion. After opening its initial store here in 2000, it expanded quickly and "experienced unparalleled development all through their lifetime in Ireland," according to the organization.

As a part of the continued expansion technique it says it is "looking to open additional 60-plus retailers on high profile sites with good visibility and accessibility."

Freehold properties

The best site will likely be two acres in size although smaller plots of about one acre will likely be deemed in high density urban areas. There is also a preference for freehold properties to accommodate retailers ranging in size from 1,800 sq m to 2,400 sq m (19, 375 sq ft/25,833 sq ft).

Florence Stanley, head of retail at CBRE Dublin, stated that in addition to mounting a countrywide search for suitable web sites, they will be contacting local estate agents to locate the very best company places.

"It may well take a whilst to fulfil our commitment but if we handle to line up 60 web sites within 3 years our client would probably be happy."

Although the majority of the current Lidl properties have substantial parking facilities, the organization has also been capable to avail of smaller sized, well-located web sites by putting the retailers on stilts and making use of the space underneath the creating for parking.

A single such shop is situated on the 1.14-acre former Sunday Globe site in Terenure which not too long ago opened for company.

That site was purchased by a residential development company during the property boom for €18.3 million and was acquired right after the crash by Lidl for more than €4 million.

Not good news

Tara Buckley, director general of the Retail Grocery Dairy and Allied Trades Association, stated 60 discount supermarkets was not good news for Irish towns and villages.

A report by economist Jim Energy had shown that a euro spent within a locally owned shop was worth 3 times greater than a single spent within a British or German chain. In the end from the day their earnings go back to Germany or the UK.

Lidl’s share of the discount marketplace in the North has risen substantially over the years even though surprisingly the business has why not look here been challenged in that marketplace by Aldi. That organization recently confirmed that its planned £600 million expansion in the UK - it is to open yet another 550 outlets - is not going to consist of Northern Ireland.

Meanwhile, Tesco continues to be mulling over the long delayed megastore planned for Liffey Valley Purchasing Centre in west Dublin. It has denied it is to be abandoned just like 49 other supermarket projects inside the UK.

Preparing permission for the shop was granted by An Bord Plean?la in June 2016 and, according to an official spokesperson, the company is "working through planning compliance using the neighborhood authority and as such a commencement date for the development has not yet been finalised".
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