Healthy Market Street expansion for Holland & Barratt
HEALTH food retailer Holland & Barratt has signed a 10 year lease in Manchester city centre, taking 13,617 sq ft over three floors on Market Street.
Acting on behalf of Aviva, Cushman & Wakefield has let 103 & 105 Market Street at an annual rent of £570,000.
Alex Haigh of Cushman & Wakefield said: “Holland & Barratt has been in situ in 105 Market Street for three years but as part of its expansion strategy, they required larger premises although were keen to stay in this popular shopping area of the city. This deal follows hot on the heels of two other recent lettings that we have secured on Market Street to Pure Gym and Natwest who took 20,000 sq ft and 10,000 sq ft respectively.”
He added: “Market Street has continued to improve over the last 12 months attracting 10 new operators and relocations including Sketchers, Size, Nationwide, EE, O2, Holland & Barrett, Costa, Natwest, H&M upsize and Pure Gym. The transition has been to flagship banks and larger phone stores with the streets rent hitting a new headline rental level of £302 in zone A. I believe that we will continue to see this level of demand, providing the right space is available.”
Holland & Barratt is set to take occupation of its new store later this year once Aviva has completed works on the property.
