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102/104 Market Street

102/104 Market Street, Manchester

From two unloved and tenanted shops to a showpiece EE store

This high street block in prime pitch Manchester comprised two unloved shops let to O2 and Holland & Barrett, both with imminent lease expiries The Metis Retail team worked closely with a private client to transform the block into a new flagship store for EE.

An innovative solution

Both existing tenants were seeking relatively short term renewals on their existing space. Metis was able to negotiate vacant possession from Holland & Barrett, while agreeing new terms with 02.

These would see the company taking a fresh 10-year lease of the entire ground floor and basement, with the first floor removed to create a prominent double height store. 

Eventually, circumstances dictated that an alternative tenant was required. Metis was able to secure EE on significantly improved terms with a 10-year lease including a rent-free period. 

The redevelopment works were completed in December 2015 and EE took occupation of their new store immediately.