Last year, there was a 14% increase in the value of underlying retail project starts and this is anticipated to grow by 1% in 2025 and then 9% in 2026.
Supermarket chains have been identified as a strong subsector within retail.
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Glenigan has found Aldi to be “one of the most significant” developers in the sector, with the chain recently unveiling construction investment plans totalling £650m across the UK.
In London alone, Aldi is planning nine new stores as part of its long-term plan to have 100 stores in the capital.
Lidl is also expanding and recently signed a JV property deal worth £12m to open 12 new stores.
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