Tuesday, November 8, 2016

News: Healthy signs at Parkgate

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A vacant unit at Parkgate Shopping in Rotherham looks likely to be taken by Holland & Barrett, the UK's leading health food store.

Holland & Barrett is the UK's leading retailer of vitamins, minerals and herbal supplements and operates over 700 stores across the country, with new outlets opening up all the time. Shop staff are trained to help customers choose the right products to help maintain optimum health. Holland & Barrett bring you over 1,000 high quality vitamins, minerals, health foods and other nutritional supplements.

Based in Nuneaton, the retailer has ambitions to become a £1 billion business by 2020. It is part of the US health group NBTY, owned by private equity firm Carlyle, and is also planning expansion overseas.

With an outlet already in Rotherham town centre, a planning application has now been submitted by Holland & Barrett to Rotherham Council for further alterations to a vacant retail unit at Parkgate Shopping.

Closing down signs went up at Brantano at the start of the year as it continued to trade whilst in administration. Joint administrators secured a deal for 140 of its stores and concessions, but the Rotherham store was one of 58 not acquired.

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Alteration plans for the 9,000 sq ft unit, which has been subdivided, were approved last month and now Holland & Barrett has submitted plans for new air conditioning condenser units on the property.

In a transaction worth around £175m, BMO Real Estate Partners (BMO) acquired Parkgate Shopping in September 2015 from the Hercules Unit Trust (HUT), which is advised by British Land and managed by Schroders.

Recent openings include The Works and Smyth's Toys, and plans served up for a new standalone unit for Costa Coffee have recently been approved.

Plans have also been approved for alterations in a bid to secure new tenants for the former BHS store and the unit currently occupied by Bensons for Beds has recently been made available to let.

Agents for the site, ESH, say that the new owners are committing major investment to the park, including improved shop frontages, landscaping, car parking and pedestrian access.

Holland & Barrett website
Parkgate Shopping website

Images: Holland & Barrett


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