REVO | Two sign at Royal Exchange
Hines has secured deals with footwear retailer Irregular Choice and technical clothing brand Lululemon as it continues its strategy of improving the tenant mix at the Royal Exchange in Manchester.
Additionally, fresh cosmetics company, Lush has signed a 10-year lease renewal for its 909 sq ft shop at 10 Market Street.
Hines was represented by Metis and Colliers International, Irregular Choice was represented by Culverwell, and Lush was also advised by Colliers.
The investor acquired the complex on behalf of Bayerische Versorgungskammer, Germany’s largest pension scheme group from Trinistar for £85m in November 2016.
Irregular Choice has taken a 928 sq ft unit at 18 Market Street on a 10-year lease. Irregular Choice has nine stores worldwide and makes detailed and creative shoes featuring everything from embellished heels, ornate wood carvings, tiny intricate charms and lavish fabrics through to Disney-themed creations.
Yoga, running and training brand Lululemon has signed for 7 St Ann’s Square. Founded in Vancouver in 1998, Lululemon is described as “creating design-led products that empower people to live a life they love” and the unit will also act as a studio, offering complimentary classes to the local community, led by the company’s yoga and fitness ‘ambassadors’.
Other retailers based at the grade two-listed Royal Exchange include Molton Brown, Fjallraven, L’Occitaine, Whittards, Hotel Chocolat, French Connection, and Watches of Switzerland.
Emme Haycock, asset manager for Hines UK, said: “The quality of these latest lettings reflects our repositioning strategy to further strengthen and enhance the calibre of brands available at this iconic building. The Royal Exchange Manchester continues to attract an exciting range of retail talent and we are pleased to be welcoming lululemon and Irregular Choice into the mix.”
