Retailers commit to Manchester Arndale with new deal and renewals
Cosmetics retailer, Space NK, has signed a 10-year lease for a 3,313 sq ft space on New Cannon Street in Manchester Arndale.
The retail site has also announced that popular fashion brands, Timberland and Jack & Jones, have also signed new deals keeping them at the centre for a further five years
Offering a range of products, including skincare, cosmetics and gadgets, Space NK stocks more than 130 brands such as Drunk Elephant, Nars, Charlotte Tilbury and Diptyque, alongside a host of exclusive products such as Boy Smells and Rose Inc.
The new letting to Space NK and increased commitment by Timberland and Jack & Jones follows the arrival of several international brands over the past 12 months including Nike, Moss, Manchester City, Dune, Clarks, Sunglass Hut, and French Connection.
Footfall at Manchester Arndale has grown by 6.3% with more than 46 million people visiting the centre, and New Cathedral Street, during 2023, as occupancy grew to in excess of 95%.
Asset managers, Global Mutual and M&G, are now in talks with several retailers over the remaining space as they look to ensure the site continues to offer a diverse range of retail, leisure, and eateries to help attract visitors from the North West and beyond.
Steve Gray, Head of European Retail Asset Management at Global Mutual, said: “Space NK is a great addition to Manchester Arndale and further enhances our beauty range, making us the go-to place in the North West for all the best cosmetic brands.
“It is also great to see both Timberland and Jack & Jones renew their commitment to Manchester Arndale as they are both great footfall drivers for the centre and strengthen our fashion offering. 2023 was a great year for the centre, and with this latest news we look forward to an even better 2024 as we welcome further new occupiers over the next few months.”
M&G Real Estate and Global Mutual act as joint asset managers of Manchester Arndale while Metis Real Estate and Time Retail Partners are the centre’s retained letting agents, with Green & Partners retained lease advisory agents.
