Manchester Arndale has further enhanced its beauty offering after agreeing a 10-year lease with leading Space NK.
Space NK’s arrival comes as Manchester Arndale secured new lease agreements with fellow leading brands Timberland and Jack & Jones, which have signed new five-year terms for their respective units. 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.
Manchester Arndale’s place as the home of big name brands in the city centre has helped see footfall grow by 6.3% with over 46 million people visiting Manchester Arndale and New Cathedral Street during 2023, as occupancy grew to over 95%.
Asset managers Global Mutual and M&G are now in talks with several retailers over the remaining space at Manchester Arndale, as they look to ensure it 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, added: “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.
