Bosses at German supermarket chain Lidl have announced the firm has secured commercial property in Northern Ireland.

The company – which is renowned for its discounted goods – will open a new store in Newry, the Belfast Telegraph reports.

Commercial property agent at Osborne King Colin Mathewson has advised Metric Property Investments, which owns the Damolly Retail Park, on the terms of the letting.

It is thought the deal for the 14,000-sq ft space falls in line with the rest of the tenancy agreements seen at the park.

Lidl has grown in stature this year and it recently announced record market share of the supermarket sector.

This is largely because of the harsh economic climate and spiralling price of food, which has led to more shoppers seeking bargain products.

At the opposite end of the scale, high-end supermarket Waitrose recently announced it is planning to increase its influence in Scotland by securing more commercial property across the country.

Posted by Sarah SmithADNFCR-2842-ID-800555579-ADNFCR