Aldi to spend £109m in next 12 months on new build construction

Figure includes new stores and a state of the art distribution centre.
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New figures have shown that Aldi is to invest over £109 million across the next 12 months, constructing new build stores and the development of a state of the art distribution centre.

The data - from Barbour ABI - highlights that 33 new stores should start construction in the next 12 months, 16 of which already have planning permission.

This will take Aldi's investment to over £84 million, alongside a £25 million distribution centre in Cardiff. This will begin construction in the second quarter of 2015 and will create an estimated 400 jobs.

This coincides with a £62 million investment for 31 new stores that have already begun construction so far in 2014.

Earlier this week, Aldi announced that it intends to create 35,000 jobs and have 1,000 stores open in the UK by 2022.

"Aldi will see the UK as a major overseas target for expansion after steadily increasing their market share over the last few years, enticing customers from the traditional 'Big Four' supermarkets with their budget price products," said Michael Dall, lead economist at Barbour ABI.

"Over the next six to 12 months, I expect even more construction projects from Aldi will begin if they are to stay on track with their 1,000 store target by 2022. Aldi's investment is an indication of the continuing change within the supermarket industry in the UK."

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