Discount supermarket Lidl is an unlikely disruptor of the housing market – but could it become a creative force?
The retailer is putting in a school above a new store in Richmond, west London, and claims it could build 3,000 homes in London alone as part of planning permissions for outlets.
The German company says it is increasingly getting involved in mixed-use schemes, and has already supported the creation of 811 new homes: 335 are already build, and a further 476 are in the pipeline.
Lidls chief executive Christian Hartnagel said it is “proud” of its record.
He told Sky News: “To date, our stores have supported the creation of over 800 homes, which have either been built, or are soon to be built, and we’re entirely open to exploring opportunities to help facilitate further developments.
“In London alone, for example, there is the potential for Lidl stores to be part of schemes that could see over 3,000 new homes being built over the next three years.
“It continues to mean a great deal to us that we are able to support many of the communities that we’re a part of by providing added value above and beyond affordable food.”
Lidl has not, so far as we know, announced plans to stock homes for sale in its outlets – but maybe we shouldn’t forget that Tesco once did.