06.27.19
The Hut Group (THG) has announced that it has acquired an impressive space following a competitive bids process. Designed in 1928, by renowned British architect Edwin Lutyens and built in 1933, 100 King Street originally housed the Midland Bank with the ground floor used as the main banking hall, formerly used as a restaurant. In addition to the former banking hall, THG has acquired the basement space which still comprises the original banking vault and safety deposit boxes.
THG says it will undertake a significant refurbishment program while being sympathetic to the stylish listed features. As part of the program, THG will convert the former restaurant site into a “World of THG” contemporary retail and experiential marketing space designed to showcase the Group’s Health & Beauty brands.
THG is continuing to combine its online growth with premium retail space. The acquisition of 100 King Street is aligned with the Group’s recent c.£50m investment in the King Street Townhouse and Great John Street Hotel, and further builds on the highly successful acquisition and development of Hale Country Club & Spa in 2016.
Matthew Moulding, founder and chief executive officer of The Hut Group, said: “THG is continuously looking at original ways to deliver the most engaging retail and wellbeing experience. The acquisition of the iconic 100 King Street site further expands our innovative marketing infrastructure. The development programme to create the World of THG will provide a new and innovative environment for customers and influencers to discover and fully experience our prestigious brands. In addition, while continuing to expand our international presence, as a Manchester-born business we’re committed to the North West and growing our employment base in the region.”
THG recently broke ground on ICON, a new logistics and global content creation studio at Icon Manchester Airport. The completion of ICON will allow for circa 2,000 new roles to be created across THG’s workforce. Within the next 12 months, THG will be breaking ground on ‘THQ’, the company’s new landmark business campus, which will support up to 10,000 jobs and represents the UK’s largest bespoke office development outside London.
The Hut Group was advised by Land Law & Jenics.
THG says it will undertake a significant refurbishment program while being sympathetic to the stylish listed features. As part of the program, THG will convert the former restaurant site into a “World of THG” contemporary retail and experiential marketing space designed to showcase the Group’s Health & Beauty brands.
THG is continuing to combine its online growth with premium retail space. The acquisition of 100 King Street is aligned with the Group’s recent c.£50m investment in the King Street Townhouse and Great John Street Hotel, and further builds on the highly successful acquisition and development of Hale Country Club & Spa in 2016.
Matthew Moulding, founder and chief executive officer of The Hut Group, said: “THG is continuously looking at original ways to deliver the most engaging retail and wellbeing experience. The acquisition of the iconic 100 King Street site further expands our innovative marketing infrastructure. The development programme to create the World of THG will provide a new and innovative environment for customers and influencers to discover and fully experience our prestigious brands. In addition, while continuing to expand our international presence, as a Manchester-born business we’re committed to the North West and growing our employment base in the region.”
THG recently broke ground on ICON, a new logistics and global content creation studio at Icon Manchester Airport. The completion of ICON will allow for circa 2,000 new roles to be created across THG’s workforce. Within the next 12 months, THG will be breaking ground on ‘THQ’, the company’s new landmark business campus, which will support up to 10,000 jobs and represents the UK’s largest bespoke office development outside London.
The Hut Group was advised by Land Law & Jenics.
