Space NK joins Manchester Arndale as existing tenants renew
4th March 2024 Manchester Arndale is set to welcome beauty retailer Space NK, as a pair of existing tenants sign lease renewals at the scheme. Signing a 10-year-lease, Space NK will offer a range of products including skincare, cosmetics, and gadgets from brands such as Drunk Elephant, Nars, Charlotte Tilbury, and Diptyque. This comes as Manchester Arndale secures lease renewals with Timberland and Jack & Jones, which have both signed five-year extensions for their units. These lease renewals, alongside the signing of Space NK, follow the arrival of a several international brands at Manchester Arndale over the past 12 months, including Nike, Moss, Manchester City, Dune, Clarks, Sunglass Hut, and French Connection. These arrivals have helped 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%. The scheme’s asset managers Global Mutual and M&G are now in talks with a number of retailers over the remaining space at Manchester Arndale, as they aim to ensure it offers a diverse range of retail, leisure, and F&B operators to attract visitors from the North West and beyond. Steve Gray, head of European retail asset management at Global Mutual, said: “Space NK […]
