Lidl Invests €70MM in New Warehouse in Santo Tirso

15 February 2019

Lidl will build the new warehouse, in a 70-million-euro investment, in the Santo Tirso Industrial Park in the district of Porto, the German supermarket chain announced today.

The ceremony marking the laying of the project’s first stone will take place on Tuesday. The new warehouse is slated to replace Lidl’s existing operations in Vila Nova de Famalicão. The ceremony came almost nine months after the supermarket chain announced that it would invest 100 million euros in the Portuguese market.

On May 30, 2018, in Sintra, Lidl Portugal’s managing director, Massimiliano Silvestri, said: “we will invest 100 million euros during the current tax year [which started in March].”

This amount, Mr Silvestri added, includes the opening of “a handful of shops”, namely in Greater Lisbon, Porto and Algarve, and investments in two warehouses.

“Our investment of around 20 million euros in the Torres Novas warehouse will begin after the summer,” with the aim of expanding and modernising the warehouse, from 30,000 to 40,000 square meters, the managing director explained.

“This year, too, we will begin construction on the warehouse in Santo Tirso, lasting three years, and replacing Famalicão, in a 70-million-euro investment.”

In a statement, the supermarket chain said it was “an innovative project, representative of an investment of 70 million euros in the northern region of the country, which will increase Lidl’s current in the region and bring added comfort to our contributors.”

Operating in Portugal for over 20 years, Lidl already “has more than 250 stores, four warehouses and more than 6,500 employees.”

Original Story: Lusa / Diário Imobiliário

Translation: Richard Turner