Why has Aldi bought an abandoned psychiatric hospital?

Aldi has snapped up an abandoned London psychiatric hospital, City AM can reveal, in the latest sign discount supermarkets are getting increasingly creative in their search to acquire land to expand their UK footprint. The German grocer, which has over 1,000 stores in the UK but hopes to increase this by as many as 500, has signed a mortgage agreement to take over the huge site in Walthamstow with the North East London NHS Foundation Trust, from whom it acquired the land, according to documents seen by City AM. City AM's City Editor, Simon Hunt has the story. Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: http://www.linkedin.com/company/cityam #aldi #london #uknews #ukbusiness #businessnews #walthamstow