Aldi steps up its search for a site to build a new York store

Aldi has stepped up its search for new sites across the country – with York a key target.

We reported last June that the budget supermarket chain wanted to open another store in the city.

Now the company has unveiled a list of 30 target locations – and York is 16th on that list.

Aldi remains the UK’s fastest-growing supermarket. It has increased sales by over 26% year-on-year – and in the last three months Aldi attracted 1.3m more shoppers with customer spend “switching from every other supermarket”.

The business wants to invest more than £400 million in store development this year as it targets new and refurbished stores across the UK.

It is on the lookout for freehold town-centre or edge-of-town sites that are around 1.5 acres and can accommodate a 20,000sq foot store with around 100 parking spaces.

Ideally, each location would be near a main road with good visibility and access, with priority locations listed below.

The supermarket offers a finder’s fee for agents who recommend a site, which is either 1.5% of a freehold price or 10% of the first year’s rent for leasehold sites.

Aldi currently has three stores in York, at Water Lane, Fulford Road and Monks Cross.