Marks & Spencer and Pure Gym have signed up to Town Centre Securities’ Urban Exchange development in Manchester.
Marks & Spencer has signed a lease for a 19,400 sq ft ground-floor shop, which will become an outlet store. Gym operator Pure Gym has agreed a 15-year lease for 19,300 sq ft over the lower ground floor.
The scheme is also let to tenants ALDI and GO Outdoors, leaving 7,200 sq ft available on the lower ground floor.
Edward Ziff, chairman and chief executive of Town Centre Securities, said; “To be in a situation where a prominent building of this magnitude is left vacant presents many challenges, and we are incredibly proud to have been able to overcome these to create a successful scheme in the midst of a challenging economic climate.”
CB Richard Ellis represented Marks & Spencer, Pure Gym was unrepresented and Cushman & Wakefield and BNP Paribas advised Town Centre Securities.
annabel.dixon@estatesgazette.com
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