Lidl Case Study
The developer completed and handed over this c.23,000 sq. ft. brand new store located in the Kings Heath area of Birmingham to the international food retailer Lidl.
The development, which was situated in a densely populated suburb of the UK’s second-largest city, had a gross development value (GDV) of £8 million and was successfully delivered within the planned 24-month timescale.
At the scheme’s early stages, the business worked closely with the vendor Western Power, and after a stringent tender process, in February 2018 was selected as the preferred bidder for this prime location in a busy residential area.
In December of the same year, they successfully entered into a lease agreement with the international supermarket chain Lidl and procured detailed planning consent for the store from planners at Birmingham City Council. Working with construction partner Winvic and supported by other industry-leading names - Rapleys, Shakespeare Martineau, FSP and Mode – the business was able to commence work on-site in February 2019.
Practical completion of the development was achieved as planned in February 2020, with the store opening its doors to customers in June 2020 and the Lidl team undertaking the fit-out during the most severe part of the UK’s lockdown.
Project timeline • Purchased site/exchange: Feb 2018 • Planning approval: Dec 2018 • Start on site: Feb 2019 • Practical completion: Feb 2020 • Handover: March 2020 • Store open to public: June 2020.
Investment Highlights_
Fixed Return | 2-Year Investment Term
12% Per Annum (24% Combined)
Low Entry - From £10,000
Defined Exit Strategy ( See Development Highlights)
No Fees | No Repairs | No Voids
Development Highlights_
8 Million Development
65% Bank Funding
25% Private Investors ( Such As Bond IPS clients)
10% Development Companies Own Funds
Road Side Retail Project
Pre Sold to Lidl before the build started
Fully Repairing Lease In Place
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