German discount grocer Lidl is planning to open a new distribution centre in Peterborough, UK, in order to support its growth in the country.

The retailer has signed contracts related to a 34-acre site, which will accommodate the proposed 754,000ft warehouse.

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The distribution centre marks the company’s sixth new warehouse announced in the current year and its 15th such facility in the country.

Lidl UK expansion head Adrienne Howells was quoted by media sources as saying: “Our expansion across the UK is progressing rapidly, and it’s important we have the right supply chain infrastructure to support this.

“Peterborough is ideally located and we’re pleased to be bringing more jobs to the local community.”

“It’s important we have the right supply chain infrastructure to support this.”

According to the company, the new warehouse will provide jobs to 500 workers.

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Aldi is currently engaged in obtaining planning approval for the site and intends to make a £1.45bn investment in the UK between 2017-2018 to bolster its operations.

The company’s 11th warehouse was recently opened in Wednesbury.

Having opened its first UK store in 1994, Aldi operates more than 650 stores and ten regional distribution centres across the country. The company has more than 10,000 stores in 27 countries worldwide.

Earlier this year, Aldi forayed into the US retail market, with plans to open up to 100 stores across the East Coast by next September.