New CGI and artist impression images released by the UK’s third largest airport this week show an extended departure lounge featuring a food market that’s set to serve up a variety of world cuisines and quick eats for those who prefer a more casual dining experience.
This will be alongside a new boutique high street-style shopping area, known as ‘The Avenue’, which will have a “vibrant and airy feel”, and will come complete with a champagne bar, as well as premium brands, artisan cafes, and a brasserie.
Each store front in the new shopping zone will open onto airfield views, the Airport has explained, with plenty of passenger seating around it for “added comfort”.
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According to the plans unveiled by Manchester Airport this week, a blend of regional and national brands are expected to operate the new units – which is designed to be in-keeping with the areas of Terminal Two that are already open to passengers.
“We are well aware that our guests’ holidays start at the airport,” admitted Richard Jackson, Retail Director at Manchester Airport.
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“We want people to enjoy their time here, whether that means sipping craft beer brewed at the airport in a bar overlooking the airfield, or eating an artisan pizza.
“We already have a great range of food and drink options in Terminal Two, with local brands which create a strong sense of place, but we’re looking to build on that with all-new offerings, including a champagne bar and a market hall style food court.”
Aside from the plans to open the 27 new shops and restaurants, bosses at Manchester Airport say they are also searching for retailers selling toys, fashion, accessories, and travel essentials to take up units in the new ‘The Avenue’ area.
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The Airport is seeking out partners who will “showcase the best of the North in their units”.
“We’re also seeking retail partners who will bring a high-class offering, tailored to the needs of the travelling public,” Mr Jackson continued.
“The first phase of the project saw some exciting brands come on board, but we’re now keen to build on that and provide a more varied and comprehensive retail experience to cater for the tastes of the millions of passengers who will pass through the terminal’s doors.”
As mentioned, the expanded retail and restaurant offering forms part of the second phase of the wider £1.3 billion transformation programme of the Airport’s original Terminal Two.
The first phase of the transformation project saw a number of Mancunian favourites taking up residence inside Terminal Two – such as burger and shake chain Archie’s, Italian restaurant San Carlo, coffee brand Pot Kettle Black, and Manchester-based brewers Joseph Holt and Seven Bro7hers.
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They were joined by household names like Costa Coffee, WHSmith, Pret a Manger, and Wagamama.
The second phase is seeing Terminal Two remodelled and upgraded in sync with the recently-opened terminal extension.
All work is expected to be completed by 2025.
Featured Image – Manchester Airport
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.
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.”