Restaurants drive growth of Manchester’s Spinningfields retail district
Developer Allied London has announced that combined turnover has risen significantly over the last 12 months to more than £50 million for the first time since the estate opened in 2007.
The news comes as the latest restaurant to become part of the Spinningfields dining portfolio opens: Thaikhun, a casual dining concept from the independent team behind Chaophraya, Palm Sugar, ChaoBaby and Yee Rah.
Michael Ingall, Allied London’s chief executive, said: “We opened the estate seven years ago with just a smattering of chain restaurants but a huge ambition to establish a real leisure and retail destination for Manchester.
“Few believed we’d be able to deliver against this goal but we’ve been quietly building our unique offering. There’s still a lot to do but a rise in retail and leisure turnover from £10m in 2008 to £50m in 2014 is a phenomenal achievement and shows we’re delivering what people want.
“Footfall is constantly increasing and Spinningfields is now home to four of the highest turnover restaurants in the city.
“We shall continue to drive this part of the estate’s offering. We expect to see annual double-digit turnover increases as we bring in more new operators during this exciting time in the evolution of Spinningfields.”
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