Sports Direct is to double the size of its flagship store at Manchester Arndale.
The retail giant, which is part of Mike Ashley's Frasers Group, has signed a 15-year lease and will relocate from its current 29,000 sq ft unit on the lower ground floor to a former BHS store which comprises five floors of 58,500 sq ft.
The larger store, set to open in late 2022, will see it incorporate its collection of brands including USC, Game, Evans Cycles, and Belong esports arena, under one roof.
READ MORE: LadBible group's revenue and profits set to beat market expectations
Scott Linard, portfolio director at M&G Real Estate, said: "Despite the challenges faced by the retail industry over the past few years, Manchester Arndale has remained resilient throughout the pandemic, completing 25 new leases throughout 2020 and 2021.
"We are therefore delighted that Sports Direct have not only chosen to commit its long-term future to the centre, but also double the size of its store.
"This demonstrates the confidence that major retailers have in Manchester Arndale as every year it attracts millions of visitors from across the North West and beyond thanks to its prime city centre location, excellent transport links, and its eclectic mix of leisure operators, F&B providers, and international brands.
"Sports Direct is a key driver of footfall for the centre, as it appeals to Manchester’s love of sport and especially to the younger demographic in the city.
"This latest letting is set to be the start of an action-packed year for Manchester Arndale as we look forward to growing our diverse mix of tenants to ensure it remains the North West’s premier shopping destination."
Metis Real Estate and Time Retail Partners are Manchester Arndale’s retained letting agents.
