Holland & Barrett expands in Cleveland Centre

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.