Five existing major occupiers at Manchester Arndale have all signed new long-term leases.
Deichmann leads those investing in their Manchester Arndale spaces. The international footwear retailer has agreed to upsize its current 6,357sq ft unit, to take an additional 2,101sq ft of space after signing a 10-year lease.
Fellow retailers renewing their commitment to Manchester Arndale include Waterstones, which has signed a seven-year lease for 15,717sq ft; The Body Shop and Victoria’s Secret, both agreeing five-year leases for 2,061sq ft and 5,093sq ft, respectively, with Victoria’s Secret also planning a store refit.
Meanwhile leisure operator and home to the popular Cube attraction, Urban Playground, has committed to a three-year lease extension for its 19,308sq ft space.
The announcement comes as Manchester Arndale continues to attract high levels of footfall, welcoming 46 million visitors in 2024, with major brands across fashion, beauty, leisure, and F&B all helping to drive its ongoing success.
Steve Gray, head of European retail asset management at Global Mutual, said: “It’s fantastic to see these established names choosing to extend their stay at Manchester Arndale. Their renewed commitment is a testament to the strong trading environment, impressive customer base, and dynamic mix of brands that the centre offers. We look forward to building on this momentum with more exciting updates in the coming months.”
Manchester Arndale has recently welcomed a host of fashion and beauty brands, including BPerfect, Trailberg, and Pureseoul while a variety of new dining and leisure options have also joined the line-up, including King Pins, Sides, and HOP Vietnamese. In addition, Sephora is set to open this summer.
Scott Linard, portfolio director for M&G Real Estate, added: “Retailers want to be where the people are, and Manchester Arndale’s high visitor numbers, strong tenant mix and prime city centre location make it a clear choice. We’re delighted these brands have chosen to commit their long-term future to the centre and look forward to supporting their ongoing success.”
