Space NK joins Manchester Arndale as existing tenants renew
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 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.”
Metis Real Estate and Time Retail Partners are the centre’s retained letting agents, with Green & Partners retained lease advisory agents.