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FTSE 100 LIVE: Stock mixed as UK energy prices set to rise more than expected

Published: Wednesday, August 27, 2025 · 8:01 AM  |  Updated: Wednesday, August 27, 2025 · 8:01 AM

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Lidl accelerating its commitment to providing households across the country with enhanced access to affordable high-quality products as it shares updates on two major warehouse projects.

The discounter has now completed its two-stage extension at its Belvedere site in London, investing £285m across two buildings. The first phase of investment, which involved the construction of a new, second warehouse, equates to £160m. The second stage demolished the original building to make way for a state-of-the art warehouse, which tripled capacity.

Lidl now boasts 800,000 sq ft warehouse space at Belvedere, a 167% increase in its footprint since first opening at the site in 2003 – now big enough to park nearly 1,800 double decker buses indoors. Once fully operational, the site will serve 120 stores – from its recently opened store in Brentford, down to Dorking, as well as future stores.

Last month construction started at its 38-acre site in Gildersome, Leeds. The £150m investment is yet another example of Lidl’s commitment to scaling up and strengthening infrastructure to support its stores across the country as it builds towards its major milestone of 1,000 stores.

These developments will lead to over 500 new jobs, with the expansion at Belvedere creating 120 new positions and the Leeds warehouse resulting in 400 new roles. Following the discounter’s latest announcement, colleagues will also benefit from Lidl’s market leading pay and benefits from next month.

Richard Taylor, chief real estate officer at Lidl GB said:

Rachel Reeves, Chancellor of the Exchequer, said:

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