Aldi aims to double its London stores to 100 by 2025 - and it might want your property

The supermarket giant Aldi is looking to double its stores in London - and it might want to buy your property to help achieve it.

The chain currently has 50 locations in the capital and it has set a target of 100 trading stores by 2025.

While around the country specific towns and areas are being targeted, in London Aldi is just looking for any location that meets its needs.

“We have an ambitious investment programme in London and we need your help to find new sites,” the company says.

Types of property Aldi is looking at

According to the its sites requirements page, Aldi is looking for different types of locations:

• Development sites
• Mixed use schemes
• Retail parks
• High Street
• Shopping centres
• Roadside

Property size for an Aldi

The property size it is looking for is split into three categories:

• Standard Aldi: 18-20,000 sq ft min - 70 spaces
• Small Aldi: 10-14,000 sq ft min - 40 spaces
• City Aldi: 7-10,000 sq ft - no parking

All London locations considered

The company is looking for any existing building between 7,000 and 40,000 sq ft - with or without parking - or any land between 0.5 and 3 acres.

It will also consider freehold or leasehold properties a either standalone or mixed use.

Finder’s fee

Aldi says typical agent fees for sites are 1.5% of the purchase price (freehold) or 10% of the annual rent (leasehold) as a finder’s fee.

It says fees for portfolio purchases can be discussed and agreed from the outset.

Contact Aldi

Aldi’s properties director in north London can be reached on 01245 215 000 or at [email protected]. In south London the contact details are 01795 601 900 and [email protected]