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Aldi UK is investing over £40m into its Scottish stores over the next two years, with three new sites set to open in 2025. https://lnkd.in/e6gMPisX #retailnews #grocery

The recent case of Aldi Foods Pty Ltd v Northcote Shopping Centre Pty Ltd [2024] VSC 799 has provided significant clarity on the application of rent review caps in Victorian retail leases. This decision is crucial for both tenants and landlords as it outlines the legal standing of such caps within lease agreements.   Joel Garrett (Senior Associate) discusses the decision in the article below.   https://lnkd.in/gm2E-UAS

Aldi UK will open three new Scottish stores in 2025 – in Arbroath, Baillieston and Kirkintilloch – as part of a £40m two-year investment. https://lnkd.in/eqxtBz_z

B&M Retail open new distribution depot in Ellesmere Port The facility will strengthen B&M’s infrastructure, enabling efficient distribution across its rapidly growing store network and supporting the retailer’s UK expansion plans. B&M will occupy the new centre from 2025 onward. A spokesperson said: “This landmark facility will strengthen B&M’s infrastructure, enabling efficient distribution across its rapidly growing store network for years to come. The new centre will support B&M’s ambitious UK expansion plans, which include increasing its store count to at least 1,200 locations”. #Retail #distribution #expansion #retailer #toyindustry

Good morning. Here’s your daily round-up of the latest news and views from EG, all perfectly curated to set you up for the day ahead. Shopping centre manager Praxis Real Estate Management has pulled out of the race to take over Capital & Regional, confirming this morning that it had “no intention” to make a bid for the mall owner. The group had signalled its interest in the company in early July and had until 12 September to make a firm offer. NewRiver REIT plc REIT now remains the only potential suitor left in the race for Capital & Regional. Despite Praxis’ change of heart, there does seem to be continued and growing positivity in the retail market as budget supermarket chain Aldi UK announces its largest package of annual investment to accelerate its expansion across Britain. The group is to invest some £800m in expanding its 1,000-strong store portfolio across the UK, with at least 23 new locations opening before the end of the year. The £800m investment this year is part of a £1.4bn two-year investment plan in the UK, which will see the group open new stores, refurbish 100 existing stores and expand its network of distribution centres, and comes off the back of record trading. Aldi UK chief executive Giles Hurley said: “British shoppers are voting with their feet and choosing Aldi as their first-choice supermarket. We’re responding with our biggest ever annual investment in Britain. For every £1 of profit generated last year, we’re investing £2 this year – opening more stores and building the supply infrastructure to bring high-quality, affordable groceries to millions more families the length and breadth of Britain.” Elsewhere in the world of retail and leisure, Drake and Samuel L Jackson-backed fried chicken chain Dave's Hot Chicken has found its first UK roost, opening a 3,500 sq ft shop at Criterion Capital Limited’s Trocadero. The site is the first of 60 planned opens in the UK from the US chain. KLM Real Estate is leading the hunt for the brand, P-THREE advised Criterion on the deal. And the team at Scarborough Group International have failed to be spooked by the tough world of cinema and have brought the ODEON Cinemas Group back to Scarborough after a near 30 year absence. The chain will anchor the redevelopment of the Brunswick Centre in the Yorkshire town. All that and so much more in your EG MORNING NEWS ⬇ ⬇ ⬇ https://lnkd.in/e-MFFERR

Aldi UK will open three new Scottish stores in 2025 – in Arbroath, Baillieston and Kirkintilloch – as part of a £40m two-year investment. https://lnkd.in/eg4yEsCR

Presidente Supermarkets expands in Florida with new Miami Gardens store. The new store will mark the 3rd location for the retailer in Miami Gardens http://ow.ly/UF3T105WeI8

A development site and former ALDI store in the tightly held area of Capalaba has sold to Sydney Tools for $6,500,000, achieving the sharpest sqm rate for a vacant Queensland supermarket on record.   Transacted through an on-market campaign by the Colliers Queensland team of Harry Dever and Hunter Higgins on behalf of ALDI Stores Australia, the expansive 4,266sqm site is located at 35-37 Mount Cotton Road, Capalaba. https://lnkd.in/g5h3SWfa #ColliersQueensland #Sold #ALDIStores #SydneyTools #QueenslandSupermarket #PropertyNews

Aldi Ireland has completed the purchase of a new 60-acre site in Kildare, investing €24 million in the Irish business. The site is close to Aldi’s existing distribution centre and corporate headquarters in Naas

A great story to start the day from Aldi UK, thanks to on the ground insight about a store opening in Manchester from Sean Lang! It got me thinking: ☝️ It's a brilliant move by Aldi, supporting it's growth plans at a foundational level for local communities - it seems an authentic move at its core and has NOT been monetised by the content conveyor belt, leaving room for equally authentic discovery and resharing (like Sean today and then this post) ✌️ Aldi is clear on it's positioning and purpose for each store opening - they know they aren't a one-stop shop location and aren't looking to decimate the local economy 💡 On the broader topic of 'community retailing', Aldi's tactic here is a nice build on current ways retailers are thinking of community in the context of physical stores 🔍 A question to this community - WHAT ARE RETAILERS DOING TO CREATE VALUE IN LOCAL COMMUNITIES NEAR YOU? This could be: - In-store events (brand-led or store-led) - Sponsoring local sports teams - Supporting local causes and social initiatives - Converting spaces into multi-use areas - Something else??? Please do tell _______________________________________ If you're interested in reading more: On Aldi and their plans to invest in communities (and how this ties to their business strategy and model)... https://lnkd.in/ejXyf3pf On the topic of 'community retailing' (and why it's different from 'brand communities')... https://lnkd.in/efKw3tB6 On the topic of winning through influence (and the idea of the 'community flywheel')... https://lnkd.in/e7hsUkQz