Hines secures letting at Royal Exchange Manchester

By Kasmira Jefford - Tuesday, September 05, 2017 13:35

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Hines has secured a deal with French Connection to open a new concept store at the Royal Exchange Manchester.

French Connection has taken a 10 year lease of 7-9 Exchange Street, marking a return to Manchester for the fashion retailer. 

Hines bought the Royal Exchange Manchester in November 2016 on behalf of Bayerische Versorgungskammer (BVK), Germany’s largest pension scheme group. The building is located at the heart of Manchester’s retail district and houses a number of units in an arcade setting, as well as street facing, modern sized shops with a range of retailers including independent and established brands.

Sharon Bloodworth, director of retail asset management for Hines UK, said: “This letting is a significant demonstration of our move to enhance the quality of retail brands offered within this landmark building. We are delighted to provide French Connection with a bespoke unit in our building and to welcome them back to this desirable location in Manchester.”

A spokesperson from French Connection, added: “We are very excited to be returning to Manchester and the Royal Exchange location provides us with a prime retail space in the city. We already know the demand for French Connection amongst local customers, which has continued over the past two years via our ecommerce and local concession channels, and we are looking forward to having a physical brand presence in such an important city for retail once again.”

kjefford@costar.co.uk

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