13 Myths About Lidl in Ireland
Competition in the Irish grocery trade is set to become even more intense following the disclosure by German discounter Lidl that it really is searching for sites for more than 60 additional retailers on both sides from the Border.
The planned expansion is thought to be the largest by any of the main grocery multiples and coincides with indicators of a continuing recovery in customer spending in the Republic.
Lidl is currently one of the biggest retailers in Ireland with 143 shops and a additional 38 in Northern Ireland. The other German discount chain Aldi has 115 retailers in the Republic but does not trade in Northern Ireland.
Lidl has appointed CBRE’s Dublin and Belfast offices to find key web sites in cities and towns to facilitate the expansion. Right after opening its first store here in 2000, it expanded rapidly and "experienced unparalleled development throughout their lifetime in Ireland," in accordance with the business.
As part of the continued expansion strategy it says it really is "looking to open further 60-plus shops on higher profile sites with great visibility and accessibility."
The ideal site will be two acres in size though smaller plots of about a single acre will 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 2,400 sq m (19, 375 sq ft/25,833 sq ft).
Florence Stanley, head of retail at CBRE Dublin, mentioned that in addition to mounting a countrywide look for suitable web sites, they will be contacting nearby estate agents to find the best business places.
"It may well take a whilst to fulfil our commitment but if we manage to line up 60 websites within three years our client would probably be satisfied."
While most of the current Lidl properties have substantial parking facilities, the company has also been capable to avail of smaller, well-located web sites by placing the stores on stilts and making use of the space underneath the creating for parking.
A single such shop is positioned around the 1.14-acre former Sunday World site in Terenure which recently opened for business.
That web site was bought by a residential improvement organization through the home boom for €18.three million and was acquired after the crash by Lidl for more than €4 million.
Not good news
Tara Buckley, director common from the Retail Grocery Dairy and Allied Trades Association, mentioned 60 discount supermarkets was not great news for Irish towns and villages.
A report by economist Jim Power had shown that a euro spent in a locally owned shop was worth 3 instances greater than 1 spent inside a British or German chain. In the end from the day onedaytnt.com their income go back to Germany or the UK.
Lidl’s share in the discount industry inside the North has risen significantly more than the years even though surprisingly the company has not been challenged in that marketplace by Aldi. That business lately confirmed that its planned £600 million expansion in the UK - it is to open another 550 outlets - is not going to include Northern Ireland.
Meanwhile, Tesco is still mulling over the extended delayed megastore planned for Liffey Valley Shopping Centre in west Dublin. It has denied it really is to be abandoned just like 49 other supermarket projects in the UK.
Planning permission for the retailer was granted by An Bord Plean?la in June 2016 and, according to an official spokesperson, the organization is "working through preparing compliance with all the local authority and as such a commencement date for the improvement has not yet been finalised".