Five brands recommit to Manchester Arndale with new long-term leases

Five major retailers at the Manchester Arndale shopping centre have agreed new long-term leases, with the tenants signing for an extra 30 years in total.

Leading the signings is footwear retailer Deichmann, which has agreed to upsize its existing 6,357 sq ft unit, taking an additional 2,101 sq ft of space on a 10-year lease.

Meanwhile, Waterstones has signed a seven-year lease for its 15,717 sq ft, while The Body Shop and Victoria’s Secret have both agreed five-year leases for their respective 2,061 sq ft and 5,093 sq ft spaces. Victoria’s Secret is also planning a refit of its store.

Finally, leisure operator Urban Playground has committed to a three-year lease extension for its 19,308 sq ft space.

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 number of fashion and beauty brands, including BPerfect, Trailberg, and Pureseoul, as well as a range of dining and leisure concepts also joined the lineup, including King Pins, Sides, and HOP Vietnamese.

Scott Linard, portfolio director at 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.”