Budget retailer Lidl said it would reward members of the public who successfully identify sites for new stores. The supermarket hopes to increase its number of UK locations to 1,100 by 2025, saying many communities are calling for a Lidl.
The fee would be 1.5% of the site purchase, meaning if a site sells for £1.5m, the finder could receive £22,500. Alternatively, they could claim the equivalent of 10% of the site’s rent in the first year.
Luckily, Lidl has published a long list of all the places in the UK they are most interested in, and several are in Bristol and South Gloucestershire. Do you know any large enough buildings suitable?
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Downend / Staple Hill
Announcing the intermediary’s compensation plan, Richard Taylor, Lidl’s chief development officer, said the fee was “available to absolutely anyone who can identify a viable option for a new store that we are not yet aware of, and we welcome all appropriate suggestions.”
Lidl is happy to consider stand-alone stores, retail parks and even convert existing buildings. You can find contact details for Lidl’s regional real estate office here