Specialist health food retailer Holland & Barrett has moved to larger premises at the Cleveland Centre in Middlesbrough, enabling it to offer a wider range of products in an expanding market.
The new store, fronting onto Linthorpe Road, extends to 3,137 sq ft at ground level and a further 2,306 sq ft on the first floor. Holland & Barrett has taken a new 10-year lease at an initial rent of £125,000 per annum.
The health food retailer reported sales of £573.8m in the year ending 30 September 2015. It aims to take advantage of the growing trend for healthy eating and break the £1bn sales barrier within the next five years.
Alison Gurney, senior asset manager at Waypoint New Frontier, said: “We are pleased to work directly with Holland & Barrett to help deliver a larger store for them. As shoppers have become more health-conscious, the market for vitamins, minerals and nutritional supplements has grown, and we believe Holland & Barrett has adapted well to this trend.”
McMullen Wilson acted for the landlord; Holland & Barrett was unrepresented.