Global drone and imaging technology business DJI has signed for a new 3,386 sq ft store at Manchester Arndale on a 10-year lease.
DJI, which sells drones, handheld imaging devices and camera stabilisation systems, was founded in 2006 and operates in more than 100 countries worldwide.
Scott Linard, portfolio manager for M&G Real Estate, said: ““We are thrilled that DJI has selected Manchester Arndale for this new store opening. The brand represents a different category of retailer to the scheme’s traditional offer, bringing an experience-led dimension that complements our existing tenant mix. Our strategy remains focused on curating a best-in-class lineup of brands that reflect the evolving interests of visitors from Manchester and beyond.”
Steve Gray, head of European retail asset management at Global Mutual, added: “The arrival of this globally recognised brand highlights Manchester Arndale’s appeal to retailers of all kinds. Introducing leading tech operator DJI further diversifies the destination and strengthens our position as a leading regional retail hub.”
Oliver Marshall, director at Cited Property, which acted on behalf of DJI, said: “This deal has been a number of years in the making. Finding the right opportunity in Manchester city centre for a brand of DJI’s global standing required patience but being part of Manchester Arndale and fronting onto Market Street was DJI’s ideal position. Off the back of the success of the Birmingham and London stores, this will be the new northern flagship store for such an exciting global brand. I’m really pleased to have worked on this letting on behalf of DJI and look forward to the store’s opening.
Metis Real Estate and Time Retail Partners are retained letting agents at Manchester Arndale.
