News

Aldi signs with Palace Capital and unveils expansion plans

By 2018-10-02T09:11:00

Aldi Gosport Palace Capital

Palace Capital has signed a new 20 year lease with Aldi on the same day the German discount supermarket chain announced plans to open 130 new stores in the UK over the next two years.

The supermarket announced a £1bn investment and expansion plan for the UK alongside annual results which showed customer numbers grew by more than 1.1 million to 15.8 million, giving Aldi an all-time high 7.6% share of the grocery retail market in the UK. Aldi sales passed £10bn across the UK and Ireland in 2017 as profit increased by 29% year-on-year to £417.3m.

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