B&M snaps up former Manchester Arndale Wilko unit
B&M is set to open at Manchester Arndale, taking residency in high street rival Wilko’s former unit at the scheme.
The discount retailer has signed a five-year lease for the 30,000 sq ft unit, which is set to open later this year at the Manchester scheme.
The store will offer a range of products including home goods, groceries, electronics, as well as seasonal items.
The arrival of B&M at Manchester Arndale follows a flurry of leasing activity at the scheme over the last few months, including retail lettings to Space NK, Dune, Moss, The North Face, and Sunglass Hut. Black Sheep Coffee, Krispy Kreme, and Lazy Sundae are also amongst recent additions.
M&G Real Estate and Global Mutual act as joint asset managers of Manchester Arndale, whilst Metis Real Estate and Time Retail Partners are the centre’s retained letting agents, with Green & Partners retained as lease advisory agents.
Steve Gray, head of European retail asset management at Global Mutual, said: “We’re delighted to welcome such a strong household name like B&M to Manchester Arndale. We place great importance in having a truly mixed offer and its fantastic to be able to bring in a retailer that offers a wide array of products at accessible prices. From high-end fashion brands to discount retailers, its clear operators across the board have long-term confidence in the centre as Manchester Arndale continues to cement its reputation as the North West’s leading retail destination with a varied line up of exciting retail, F&B and leisure.”