Poundland to close Middlesbrough town centre store as chain 'unable to agree lease terms'

Poundland is set to close one of its Middlesbrough town centre stores.

The discount chain has confirmed it will be bringing down the shutters for good on its store in the Cleveland Centre on May 18. Poundland currently operates two shops in the town centre - with the other just a short walk away at Captain Cook Square.

A spokesperson for the British variety store said it was "unable to agree lease terms" on the unit at the shopping centre - which is owned by Middlesbrough Council - and has instead decided to consolidate into the nearby unit at Captain Cook Square.

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The closure marks yet another update to the changing face of Middlesbrough town centre. Several stores have recently closed - such as the Body Shop and The Wired Lobby - while other vacant units are in the midst of a regeneration.

Recent news reported by Teesside Live includes the purchasing of the former Debenhams, Marks and Spencer and Topshop, as well as the planned overhaul of the former House of Fraser. There's also lots happening at Captain Cook Square, which will soon see the opening of Amercian food chain Wendy's and an inflatable theme park and soft play area.

A full statement from Poundland said: "Sadly we’ve been unable to agree lease terms that would enable us to keep the store trading and we’re consolidating into our other nearby store in Middlesbrough centre. Whenever we have to close a store, it goes without saying we do all we can to find alternative roles for colleagues."

Middlesbrough Council has been contacted for comment.