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News Release

Manchester

Manchester listed as one of Europe’s most attractive retail markets

JLL lists Manchester as the 22nd most attractive market for cross border retailers in Western Europe


BCSC, Manchester 14th September 2016 - Retail in Manchester is taking off as the city benefits from access to a large consumer market, new transport links and growing levels of spend according to JLL.

Research from JLL ranking the top retail markets across the world has placed Manchester as the 22nd most attractive retail market in Western Europe. The Destination Retail 2016 report examines the presence of 240 international retail brands across 140 retail cities, giving insights for international retail expansion.

Prime Zone A rent stands at £310 on the city’s main high street Market Street, and the city has one of the strongest five year retail sales growth forecasts in the UK according to JLL.

A large educated workforce in the wider region and the city’s sizeable student population means that there is a big pool of consumer spend. The city centre is also within two hours’ drive time of approximately 60% of the UK population.

The Manchester Arndale Centre and the Intu Trafford Centre has boosted the attractiveness of the city to international retailers such as KIKO MILANO, Michael Kors, Stradivarius and Victoria’s Secret.

The city is also developing a strong food & beverage offering. The Northern Quarter is known as the “Soho of the North” due to the range of bars, cafés and restaurants in the area. Both the Corn Exchange and Spinningfields are also home to a growing number of food outlets and a new dedicated food destination is being created at Halle Place in the Arndale Centre.

Tim Vallance, Head of JLL UK Retail & Leisure at JLL, commented: “The growing arts, media and commercial scene in Manchester means that it has been acknowledged as the capital of the North of England for some time. However, the Arndale Centre, the Northern Quarter and the growth of the main shopping streets are making it an even greater draw for retailers. In the Spinningfields development we are also seeing the emergence of a luxury quarter with upmarket retailers such as Mulberry and Emporio Armani recently arriving.”