Lidl UK plans to open a new warehouse in central England as part of its expansion plans in Britain as the discount grocer continues to take market share away from major supermarkets.
The company said it would create 500 jobs with the new 754,000 square foot regional distribution centre in Peterborough.
It will be its 15th and largest warehouse in the country but Lidl will first need to obtain planning consent.
The expansion is part of Lidl’s strategy to invest £1.45bn in Britain in 2017-18.
Lidl and fellow discounter Aldi have been taking market share away from the UK’s so-called Big Four, including J Sainsbury plc (LON:SBRY), WM Morrison Supermarkets PLC (LON:MRW), Tesco PLC (LON:TSCO) and Asda.
In August, Lidl overtook Waitorse to become the UK’s seventh largest supermarket chain with its market share rising 0.7% year-on-year to 5.2%, according to date from Kantar Worldpanel.
Lidl is owned by Germany’s Schwarz retail group and launched its business in the UK in 1994. It currently trades from 670 stores.