Beauty retailer Rituals expands Manchester Arndale presence with new store
A new 10-year lease will enable beauty brand Rituals to increase its presence at Manchester Arndale in a new 2,194 sq ft store.
The new agreement will see Rituals relocate to New Cannon Street to a new store which will be double the size of its current space on the lower mall.
The deal enhances the cosmetics offer at the centre, following a new 10-year lease with retailer Space NK, which will open later this year and will bring its range of products, including skincare, cosmetics, and gadgets, to Manchester shoppers.
Annemarie Forsyth, Managing Director, Rituals Cosmetics (UK & Ireland), said: “We’re so excited to be relocating our store in Manchester Arndale which will be a larger size compared to the current store.”
Manchester Arndale attracted more than 46 million people last year.
It has welcomed a host of fashion brands over the past few months with French Connection, Lounge Underwear, and Nike all opening new stores at the centre. Meanwhile, the site has complemented its retail offering with several new F&B and leisure operators such as King Pins, Sides and HOP Vietnamese joining the line-up.
Asset managers, Global Mutual and M&G Real Estate, are close to agreeing new leases with several retailers over the past few remaining spaces at Manchester Arndale, as the centre edges closer to 100% occupancy.
Steve Gray, Head of European Retail Asset Management at Global Mutual, said: “It is great to see Rituals commit its long term future to Manchester Arndale with a new, larger store.
“It has proved to be a popular retailer with our shoppers and I’m sure their new store will attract even more when it opens later this year. The commitment of retailers such as Rituals highlights the belief they have in Manchester Arndale and is testament to our strong retail, leisure and F&B mix which allows us to attract visitors from across the North West and beyond.”
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.
