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Information about retail space in Manchester
Latest retail news in Manchester
Co-op opens first store of 2025
5 January 2025
The Co-op has opened its first store of the year in Salford Quays, as the retailer plans to accelerate store openings in 2025. The new store is located on the ground floor of the Anchorage Gateway, Salford Quays, a 29-storey residential development close to the area's media, education, and cultural hubs. The opening comes after Co-op revealed plans to open up to 75 new stores in 2025. In addition, the retailer is planning to undertake major refurbishments at around 80 stores over the course of the year.
American REIT acquires supermarket and drive-through unit in Manchester for £20m
4 January 2025
New York-listed real estate investment trust (REIT) W. P. Carey has acquired a supermarket and drive-through restaurant property at a Manchester retail park for £20m. The properties at M Park Lime Square are occupied by Morrisons and McDonald's and are both leased on a triple-net basis. M Park Lime Square is located along the A635 east of Manchester city centre. The scheme benefits from high footfall and is supported by its proximity to densely-populated residential areas.
CBRE wraps up 2024 with £62m Manchester retail park acquisition
1 December 2024
CBRE Investment Management has acquired a retail park in Ashton-Under-Lyne in Manchester from Orchard Street Investment Management for £62m. Located five miles east of the city centre, Snipe Retail Park spans 242,000 sq ft and is anchored by B&Q. CBRE IM was represented by Xprop, whilst Savills acted for Orchard Street. James Hurst, director in investment at Savills, said: “2024 has proved to be a resurgent year in the retail warehouse investment market with strong trade, low vacancy and rental growth driving investment volumes in excess of £3 billion, for only the third time in the last decade.