Spain: Lidl will invest US$23 million in the expansion of its headquarters
Updated: Aug 2, 2021
Discount Retail Chain Lidl Spain (owned by the German Schwarz Group) continues the growth path of recent years in Spain and at the same time underpins its future plans in the country by announcing the expansion of its headquarters, located in the town of Montcada i Reixac (Barcelona). The project will involve a total investment of 19 million euro (US$23million) and will allow the addition of more than 12,000 m2 of facilities to the company's national headquarters, practically doubling its current surface (from 15,000 m2 to 27,000 m2) once the works are completed in summer 2022. Lidl estimates that the new office will have the capacity to accommodate more than 1,000 employees of its workforce.
"As a company, we are demonstrating with facts our firm and decided commitment to the Spanish market, being the deployment of our ambitious expansion plan an example of this. In recent years we have significantly improved and expanded our network of stores and warehouses in Spain and we will continue to do so, so we need to adapt our organizational capacity to this new and demanding reality", says Imanol Zabala, general director of Expansion and Real Estate at Lidl Spain.
Investment of 1,500 million in four years
Lidl currently has more than 630 points of sale and 11 logistics warehouses in Spain, a structure that makes it possible for the company to gain more and more presence throughout the territory and bring its offer closer to the Spanish consumer. Far from stopping here, Lidl will continue to generate wealth and promote the economic reactivation of the country with an accumulated investment of 1.5 billion euro (US$1.8 billion) in the period 2021-2024, which will lead to the opening of the doors of some 120 stores and four warehouses (or whatever it is). same, between 30 and 40 stores and a logistics center each year).
Montcada i Reixac, paradigm of contribution to local development
Montcada i Reixac is the paradigm of Lidl's contribution to economic development and the generation of wealth and employment at the local level. Since its arrival in the municipality in 2003, the discount chain has invested around 150 million euro (US$ 180million) in the construction of its central head offices (from where it manages all its activity in Spain), a logistics center (which mainly serves its commercial store network in Catalonia) and a store (opened at the end of 2020 after an investment of 3.6 million euro (US$ 4.3million) for its construction and equipment and the creation of 18 new jobs). With this investment, the company has also undertaken actions to urbanize the environment in which it operates (the 'La Granja' industrial estate), thus contributing decisively to the revitalization of the productive fabric of the municipality.
See here for more: https://www-eleconomista-es.cdn.ampproject.org/c/s/www.eleconomista.es/empresas-finanzas/amp/11334570/Lidl-invertira-19-millones-en-la-ampliacion-de-sus-oficinas-centrales