Manchester Arndale is set to witness a substantial expansion in 2024 with the introduction of new retailers. This growth comes on the heels of a highly successful 2023, marked by significant leasing transactions and a boost in footfall.
In the past year, joint asset managers M&G Real Estate and Global Mutual secured over 106,042 sq ft in leasing transactions, including 13 new tenants and 25 lease renewals. This activity has led Manchester Arndale close to full occupancy. The centre enjoyed a 6.3% increase in footfall, attracting over 46 million visitors in 2023.
Manchester Arndale’s recent additions have included a mix of international and growing brands. High-profile names such as Nike, Moss, Manchester City, Dune, Clarks, Sunglass Hut, and French Connection have joined the centre. Alongside these, emerging operators like Sides, Creams, Black Sheep Coffee, and Lazy Sundae have also established their presence.
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An exciting development for Manchester Arndale in the past year was the expansion of River Island, which upsized its space by 3,686 sq ft.
The year 2024 is looking promising for Manchester Arndale with the arrival of new names. The North Face has already opened its doors, and soon, Korean supermarket Oseyo, fashion brand Lounge, and local leisure operator King Pins will join the bustling center. These new arrivals contribute to the centre’s over 95% occupancy and reinforce its status as a prime destination for retail, leisure, and dining.
Scott Linard, Portfolio Director for M&G Real Estate, shared his thoughts on the centre’s progress: “2023 was a hugely successful year for Manchester Arndale with the rise in footfall and flurry of leasing activity across the centre testament to the team’s hard work and strong relationships with shoppers and leading brands. From working with our long-term occupiers to enhance their stores to welcoming new names, we hope that 2024 will be an equally exciting year for Manchester Arndale as we look to provide a great retail experience for our visitors and further add to our impressive retail line-up.”
Steve Gray, Head of European Retail Asset Management at Global Mutual, also commented on the centre’s appeal: “Manchester Arndale’s tenant line-up continues to grow, and this mix of occupiers allowed us to attract over 46 million visitors from across the North West and beyond last year. It is a testament to the centre’s appeal that many growing brands have selected Manchester Arndale as their first store or outlet in the city, and we look forward to welcoming more new occupiers over the next few months.”
Joint asset management of Manchester Arndale continues under M&G Real Estate and Global Mutual, with Metis Real Estate and Time Retail Partners as the centre’s letting agents, and Green & Partners serving as lease advisory agents.
