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Information about retail space in Rochdale
Latest retail news in Rochdale
Landsec acquires remaining interest in Salford's MediaCity
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.
Represent makes Manchester homecoming with debut UK store
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.
Local coffee house brews up Manchester Arndale opening
1 October 2024
A Manchester-based coffee house has become the latest signing at Manchester Arndale, after signing a 10-year lease for a 544 sq ft space on Halle Place. Founded in 2017 by Thanasis Michael, Michael's Coffee House is an independent café based in Manchester's Royal Exchange, which offers a drinks menu that includes hot beverages, smoothies, milkshakes, and juices. The café also offers food including toasties, breakfast buns, and soups.