International retail group invests £15 million in European headquarters

Funding | Midlands | Property & Construction
LuLu Group International’s new European base will be headquartered in Birmingham

Y International, a subsidiary of Abu Dhabi-based LuLu Group International has invested £15 million in a new European headquarter in Birmingham.

The International retail giant will create a new distribution hub to support its global retail operations and it aims to serve its customers around the world.

Director of operations Tony Perks said: “Birmingham has created the ideal base for Y International, forming an integral part of LuLu Group’s European expansion plans.

“When comparing potential locations, Birmingham offered a cost-effective and well-connected location, as well as readily-available, high-quality space, making our decision easy.

“The acquisition of the land gives us the opportunity to construct a large purpose-built production facility.”

LuLu Group’s portfolio includes hypermarkets, shopping malls and shipping, helping it reach a group turnover of £5.2 billion with the new 124,000 sq ft base creating 80 jobs.

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