Pre-millennium Manchester is unrecognisable to the city that exists today.
Back then, there was no Beetham Tower, no Spinningfields, no flats bumping their heads on the clouds hanging above New Islington.
Everything has changed in the past twenty years – and various architects, developers and politicians have rightly enjoyed credit for turning our region into one of the world’s most exciting places to live.
But LOFT is something of an unsung hero in the assembly of the Manchester skyline.
As Manchester began to blossom with brand new flats, apartment, blocks, offices and student accommodation in the early noughties, a man named Benjamin Hall created LOFT – which became the place to go to furnish interiors.
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Two decades on, Benjamin and his hundred-strong team are continuing to add style to Mancunia with their brand new store in Northern Quarter.
Beginning as Buy-To-Let Furnishings with a single van in 2003, LOFT has kept pace with Manchester and grown almost in parallel – expanding into a nationwide provider for high quality furnishings and interiors.
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The company now employs 135 people full-time – with dedicated departments that cater for landlords, agents, student accommodation providers and BTR developers.
The LOFT Shop on High Street, which opened in February, is an exciting addition to Manchester city centre – with different deals available almost every day of the week.
These include ‘Sofa Sunday’ where customers can receive 10% off all sofas, ‘Accessories Tuesday’ (buy two cushions get one half price). We love this one; ‘Dine With Us Wednesday’ – offering 15% discounts on dining sets. ‘My Favourite Chair Thursday’ includes 10% discount on all armchairs, and at the end of the week there’s ‘That Friday Feeling’ – with discounts on bed frames and mattresses.
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Shoppers can benefit from free delivery, assembly and installation with purchases (along with next day delivery available).
High-end furnishings come at affordable prices – with expert team members on hand in-store to offer insightful design advice.
LOFT has thrived by staying in tune with market trends – which have changed rapidly and dramatically during Manchester’s revival, whilst also remaining rigidly committed to its original core values.
Their promise is simple: All new furnishings come delivered, assembled and installed; and any old items are removed, replaced and recycled.
The LOFT Shop on High Street has been designed with the community in mind; offering trendy, characterful furnishings for the everyday home.
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LOFT is continuing to play a huge part in the rejuvenation of Manchester, which it has done for over 17 years.
Now, the team is all set for another chapter.
You can check out LOFT’s new shop at 26-28 High Street, Northern Quarter, Manchester, M4 1QB.
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.
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.”