The Printworks Manchester, M4 2BS
Starka Property
Metis Real Estate Advisors
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Metis Real Estate Advisors
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3 November 2024
Landsec has taken full control of MediaCity in Salford after acquiring Peel Group's remaining 25% interest in the mixed-use development. The real estate investment trust has also acquired television facility dock10 and the estate's 218-bed hotel, both of which were wholly-owned by Peel. The acquisition is based on a cash consideration of £22m plus an assumption of £61m of secured debt. This overall consideration of £83m represents a discount to the latest book value of Landsec's original 75% interest in MediaCity.
2 October 2024
Wingstop, the American fried chicken chain, has opened its fourth site in Manchester at Parrs Wood Entertainment Centre in East Disbury. The restaurant operator – which is being rolled out in the UK by master franchisee Lemon Pepper Holdings – has opened a 3,400 sq ft site with space for 70 covers. Wingstop at Parrs Wood joins the brand's other locations in Manchester including restaurants at Piccadilly and the Trafford Centre, as well as its delivery hub in the city.
3 October 2024
Fast-growing fashion brand Represent is set to open its first-ever UK store in its hometown of Manchester. The brand will open the doors to its 5,419 sq ft store on New Cathedral Street on Saturday 26 October, its first permanent space in the UK. Founded in Manchester in 2011 by brothers George and Michael Heaton, Represent has seen its sales grow at an average of 81.4% over the past three years, and is on track for a record £100m turnover by the end of 2024, and £250m turnover by 2028.