Aldi announces €36.6m investment in Limerick
5 October 2023
Aldi has announced details of an ambitious Limerick investment plan as part of its overall growth and development strategy in Ireland. The plan would see the retailer open three new stores by 2025, located in Roches Street, Moyross and Dooradoyle.
Construction commenced today at the first of these stores at Roches Street, which will represent Aldi’s first city centre store in Limerick, and the store is expected to open in 2025.
Planning applications have also been submitted for Moyross and Dooradoyle. In total, the investment would be worth €36.6m, create 90 jobs and support a further 200 during construction.
Investment in Ireland
This latest announcement builds upon Aldi’s ongoing commitment to expanding its footprint of 160 Irish stores. In September, Aldi announced details of its €33.6 million investment in four new Midlands stores.
Similarly, in 2022, Aldi announced details of ambitious West of Ireland and Dublin expansion plans, which saw the discount retailer commit to building 16 new stores across Dublin and Connacht as part of a €135 million investment, creating 490 permanent jobs with 900 more jobs supported during construction.
Savings for Limerick
According to a recently published report, commissioned by Aldi and compiled by Dublin City University’s (DCU’s) Professor Emeritus of Economics, Anthony Foley, Aldi stores deliver average monthly savings of €78,333 to the communities they operate in. Based on these findings, Aldi states that would mean this investment plan could deliver potential annual savings of an estimated €2.8 million for the people of Limerick.
The report also carried out an analysis of Aldi’s planning applications and found that of the 16 appeals of Aldi planning applications made to An Bord Pleanála (ABP) over the five-year period 2018-2022, 13 experienced decision delays, in some cases being delayed by upwards of 50 weeks after the statutory 18-week decision period.
Both the Moyross and Dooradoyle planning applications are currently before ABP for review and have already been delayed beyond the statutory 18-week period by 18 and 24 weeks respectively.
“I’m delighted to announce details of our plans to expand our footprint in Limerick, as we look to continue delivering our unbeatable value to communities in Moyross, Dooradoyle and the city centre,” said Colin Breslin, managing director, Buying and Services, Aldi Ireland.
“Our goal is to deliver this value within reach of every town, village and rural community in Ireland, and we have ambitious plans to expand our store network,” he added.
Breslin also noted that the latest expansion plans would see Aldi “double [its] footprint in County Limerick”.