German retailer Lidl has sold eight or nine store projects on the local market to the consortium of Square 7 and M Core for lease after construction, and has also entered into such partnerships with other real estate investors as part of its diversification plan of local expansion methods, according to real estate market sources.
M Core is one of the largest holders of commercial property in the UK, with a combined asset portfolio valued at over EUR 6 billion.
“We confirm that we have started collaboration with several partners in order to develop several commercial spaces that will be Lidl stores in the future and that we are also in negotiations with other investors. Our expansion strategy remains focused on identifying and buying land with potential, but adds space leasing as complementary measures. That’s why, in addition to our own efforts to identify and purchase suitable land for a new Lidl store, we are looking for partners to propose us land for the construction of a new store later leased by Lidl on a turnkey basis,” stated Lidl representatives.
Source: Profit.ro
