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Lidl and Kingston Council agree £10m deal for Tolworth headquarters move

Surbiton.com: July 15, 2015 - 10:58am

Cut-price supermarket chain Lidl has agreed a £10m deal with Kingston Council to move its UK headquarters to Tolworth and its chief executive has promised "new jobs for local people".

The agreement will see the firm construct a new 220,000 sq ft office building in Jubilee Way, where the current motorbike track lies. Subject to planning permission, Lidl will pay £2.1m per acre for a thousand-year lease on the 4.8-acre site. Kingston Council said 500 jobs would be brought to the borough.

The Jubilee Way scrambling track's operators pay Kingston Council £800 per year for use of the site. Anne Allan, who runs motorcycle training on the track, said she found out about the plans this morning.

Part of the Jubilee Way site had been earmarked for the relocation of Arrow Plastics, one of the borough's biggest employers. That deal will no longer go through. Councillors agreed in March to open up the land because the firm had no room to expand in its current Kingston location. In return, the council and the Education Funding Authority were to have first refusal on Arrow's Hampden Road plot as the possible site for a new school.

Read more: 
http://www.surreycomet.co.uk/news/13420054.Lidl_and_Kingston_Council_agree___10m...

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