Manchester Arndale 99 per cent let
Published: 27 October, 2010
Two new lettings take mall close to full occupancy
Homeware retailer, The Hub, has taken a new 19,020-sq ft store on a 10-year lease at Manchester's Arndale Centre, the UK's largest in-town shopping centre. The letting means the centre is almost fully occupied.
The new homeware retailer, owned by former Poundland co-founder Dave Dodd, will sell affordable homeware and fashion accessories. Its Arndale store will be situated in New Arkwright Way, next to the biggest TK Maxx store in the country.
In addition to the Hub, young fashion brand, Luke 1977, has taken a new 1,800-sq ft store, which will be its fourth standalone store in the UK.
The success of the Arndale Centre has been highlighted further by the introduction of a raft of new retailers such as Pandora, Guess, Bose, Eat's second store, Shout, Big Entertainment, Phones 4U, Kitbag, and The Entertainer which have enhanced the retail offer and tenant mix. These new lettings have helped increase footfall figures with 2009’s total of 38m visitors projected to be exceeded in 2010, making the Arndale centre the second most frequented shopping centre in the UK.
CBRE, Lunson Mitchenall and Tushingham Moore are the letting agents on the scheme.