Another addition to the ‘general store’ group is coming to Deansgate Square this summer
Store Retail Group will be opening Deansgate Square General Store to bring an award-winning, independent retail experience to the heart of the community.
One of Manchester’s most premium developments has announced the first in a line of commercial openings set for this summer.
Store Retail Group – the company behind the General Stores and Foodhall concepts, with an already large and loyal fan base of its innovative take on the neighbourhood shop at stores in Ancoats, Stretford and Sale – will be the first commercial partner to open its doors at the flagship Deansgate Square development, found at the southern end of Deansgate, and by working in partnership with landlord and developer Renaker, Store Retail Group will be opening Deansgate Square General Store to bring an award-winning, independent retail experience to the heart of the community.
As part of the development – which comprises of four towers, including the tallest residential building outside of London – Manchester-based Renaker has created the city’s only riverside square, which is surrounded by each of the new sites, all boasting floor-to-ceiling glass windows and outdoor seating areas.
Store Retail Group will take over a 4,500 sq ft space located on the turning circle adjacent to the impressive lobby space.
This is set to service over 3,000 residents, with hotel-style concierge and amenities.
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Part corner shop, part community hub, Deansgate Square General Store will combine all the very best aspects of the group’s other sites and will supply artisan coffee to takeaway, a fresh flower concept, and an ever-changing street food vendor on site too, alongside household essentials, bringing much more than just a shop to this exciting new community.
The interior – which has been designed by local studio YOUTH – will celebrate and highlight General Store’s innovative approach to retail.
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Bringing together a grocery store, coffee shop and bar, the new Deansgate location has been designed with “community, creativity and cultural purpose” in mind.
“Deansgate Square felt right for us straight away.” Mital Morar – MD of Store Retail Group – said.
“The number of residents on site makes sound commercial sense for us, as well as the opportunity to work in a close-knit community, as we do at Ancoats [so] we’re excited to be part of a new thriving neighbourhood, and to expand our presence in the city centre.
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“As a destination that will continue to evolve, we see Deansgate Square as a great, long-term investment”.
Despite the challenges posed by the coronavirus (COVID-19) pandemic, Renaker – in collaboration with retail agency Barker Proudlove – has worked hard to bring both a new commercial offering and public open space to residents and the wider city centre community, with each operator having been carefully selected to ensure they are local independents with a strong track record and foot print in the city.
“Deansgate Square represents the first scheme to be delivered within the wider Great Jackson Street Masterplan.” James Sidlow – Senior Development Manager at Renaker – added.
“A key component in the success of this will be the diverse and engaging offering at ground level, carefully aligned to the requirements of the residents, locals and visitors to the city alike, creating an entirely new destination.
“We are delighted to announce news of these agreements [as] we’ve long admired how General Store create beating hearts at the centre of their neighbourhoods [and] we hope they, along with the host of other well-loved Manchester brands still to be announced, will bring all this and more to Deansgate Square”.
Some news to share! Good day for it too ☀️
Whilst we gear up to open in MediaCity imminently, contractors are about to descend on our next General Store.
You can find more information ahead of the opening of Deansgate Square General Store via the General Stores website here, and the Deansgate Square website.
Business
WeWork is closing its enormous office in Spinningfields, with tenants told to move out
Daisy Jackson
Co-working giant WeWork has announced the shock closure of its flagship space in Manchester, an enormous unit in the heart of Spinningfields.
Those who rent desks or offices within the space have been served notice to move out by the end of the month.
It’s understood that WeWork’s three remaining locations in Manchester are unaffected.
The US-based workspace company first moved into the 60,000sq ft unit at No.1 Spinningfields in 2017, offering flexible solutions to businesses of varying sizes.
But in the last few years it’s faced major financial difficulties, with WeWork eventually filing for bankruptcy in the States.
It was previously valued at $47 billion before its bankruptcy overseas.
On the closure of its huge Manchester office, a WeWork spokesperson said: “As part of WeWork’s efforts to achieve a sustainable capital structure and profitable business to serve our members for the long term, we have made the decision to stop operating at No1 Spinningfields in Manchester.
“We look forward to continuing to provide our members with flexible space solutions across our other locations in the city and the rest of the UK, which remains a key market for us.”
An email sent to tenants said: “After carefully evaluating our offerings in Manchester, we have made the decision to stop operating at WeWork No 1 Spinningfields… the move out will occur by 31 May 2024.
“We understand this may cause disruption to your business and are very sorry for any inconvenience this may cause.”
Have you been affected by WeWork’s Manchester closure? Email [email protected] who can help with central, flexible office spaces.
Business
Premier League agrees new spending cap after ‘majority of clubs’ vote in favour
Danny Jones
The Premier League has reached an agreement in principle on a new spending cap for all teams as the English top flight looks to replace the current Profitability and Sustainability Rules (PSR).
Set to be installed from the 2025/26 season onwards once fully ratified, revised spending limits will placed on teams in the first division, the number for which will be calculated in relation to a multiple of the money earned in prize money and TV rights by the lowest-earning club in the Premier League.
If approved at the AGM (annual general meeting) this June, the new model will replace the existing PSR system under which multiple clubs have broken FFP and been charged with other breaches over recent years, with Everton and Nottingham Forest having already been deducted points this season.
Although 16 of the 20 Premier League clubs reportedly agreed to the newly proposed regulations, four clubs were not in favour, with Manchester City, Man United and Aston Villa all said to have voted against the decision, while Chelsea chose to abstain.
BREAKING: Premier League clubs have agreed in principle to a form of cap on squad spending ahead of regulations being formulated, Sky News understands.
The proposed spending cap wouldn’t come into effect until the 2025/26 Premier League season.
The new max-spending model is being referred to as ‘anchoring’ or ‘tethering’, which will take into account total amounts spent on buying players, weekly wages, agents’ fees and more.
If successful following a final vote in June and brought through the season after next, the aim is to curb the increasing financial gap between the top and bottom of the table by preventing things like big sponsorships which may otherwise see clubs assert massive spending power during transfer windows.
According to the Independent, cost controls will now “limit club expenditure on salaries, signing and fees to 85 per cent of total revenue” for those not competing in European competitions.
This comes after Premier League teams previously the latest UEFA rules that will see those playing in the likes of the Champions, Europa and Conference League only allowed to spend 70% of that revenue, given the added financial uplift from qualifying for these tournaments.
While 16 yeas were enough to see the initial vote move forward, it will only require 14 out of 20 clubs to agree to the rule change in June for the motion to be fully passed.
A Professional Footballers’ Association (PFA) spokesperson said: “We will obviously wait to see further details of these specific proposals, but we have always been clear that we would oppose any measure that would place a ‘hard’ cap on player wages.
“There is an established process in place to ensure that proposals like this, which would directly impact our members, have to be properly consulted on.”