Lidl to move UK headquarters to Tolworth following £10m deal with Kingston Council
Kingston Council and Lidl have agreed a £10 million deal that will see the multi-national retailer move its UK headquarters, along with 500 jobs, to Tolworth in south west London.
Lidl has committed to building a new 220,000ft office building of the highest quality on a five acre plot of council-owned land located just metres from Tolworth Train Station and the A3. The agreement is subject to Lidl achieving planning permission for the new building.
Councillor Kevin Davis, Leader of Kingston Council, said:
“This is excellent news for our borough. We are delighted to have agreed a deal with Lidl for a plot of council-owned land in a prime location that is currently being underutilised. Lidl is a blue-chip company with ambitious expansion plans. Having them headquartered in our borough will provide a huge boost to the local economy and employment market. It also sends out a clear message that the borough of Kingston is a good place to do business. I look forward to welcoming Lidl to the borough and working with them to ensure their presence adds value to the local community.”
Lidl UK’s Director of Property and Development, Ingo Fischer, commented:
“We are delighted to announce our relocation, which marks another milestone in providing the infrastructure needed to cope with our ambitious store expansion programme. The extra office space will ensure room for further development within our Head Office departments and will provide top of the range amenities along with excellent Training and Conference facilities. It is a very exciting time for our Head Office employees who work very hard as a service centre to support our store and regional teams as we experience incredible sales growth in the UK.”
- The 4.8 acre plot of land at Jubilee Way, Tolworth, is currently used as a motorcycle training centre between April and November. The Council receives £800 per year for this use. If planning permission for the new Lidl headquarter building is granted, the Council will provide assistance to the motor cycle club in finding suitable alternative accommodation within the borough, if possible
- The Council will grant a 999 year lease of the land
- The rent will be a peppercorn / nominal sum; the purchaser will pay the Council £2,100,000 per acre for the land (the site is believed to be approximately 4.8 acres in total but is to be measured independently for the purposes of the transaction)
- The use of the site will be restricted for the term of lease to use class B1 Business – Offices (other than by permitted change to Retail or Residential uses)
- The prospective purchaser has committed to achieving ‘BREEAM Excellent’ for the development
- The proposed transaction is subject to the prospective purchaser achieving satisfactory planning consent for a B1 Office use on the site
- The proposed transaction is also subject to the prospective buyer undertaking and being satisfied with the outcome of site surveys