REAL WORLD KNOWLEDGE
In 1996, shortly after a large section of Arndale Manchester was damaged by a bomb, the City Council set out a masterplan for redeveloping much of the city centre.
As part of these proposals Prudential (subsequently M&G and Intu) started work on their proposals to completely refurbish and extend Arndale Manchester.
Plans included refurbishment of the centre’s food court which had been completely destroyed. A new branded ten-point food court would be provided along with refurbishments of all of the malls and the provision of a 500,000 square foot, 75-unit extension.
Stephen Tregenza was a part of the advisory team from the outset, providing advice on design, leasing and site assembly.
This left the parts of the existing scheme to be redeveloped vacant, and in September 2006 the third and final phase of the extension opened with 90% occupation, achieved at rents in line with initial targets.
Tenants in the new development included Next (with their largest-ever store) River Island and Top Shop.
Before redevelopment, the tired 1970s Arndale Manchester had footfalls of around 25 million a year and struggled to attract the strongest retail names. The centre then emerged as a modern retail destination capable of attracting over 40 million visitors a year, helping to elevate Manchester into the UK’s top five retail destinations.