Greggs takes prime position in Cardiff’s Queen Street

Tenth South Wales unit this year to-date with more to follow

23 September 2016

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Greggs has opened its highest profile shop within its South Wales portfolio in a 100% prime position on Cardiff’s Queen Street. This is the tenth unit to be acquired for Greggs across South Wales to-date in 2016 by Cooke & Arkwright’s Retail & Leisure team.

It follows acquisitions in Parc Plaza Retail Park, Bridgend; High Street, Lampeter; Heol Eglwys, Ystradgynlais; High Street, Llandrindod Wells; Mermaid Quay in Cardiff Bay and on Wood Street in Cardiff city centre, and on the High Street in Merthyr Tydfil. New shops are scheduled to open in Llanharan and on Treforest Industrial Estate in the next month, and the existing Greggs shop in Carmarthen on Red Street is due to double in size by the end of the year as they expand into adjoining premises.

The new shop on the pedestrianised Queen Street, Cardiff is located next door to Boots the Chemist and opposite Principality Building Society.

Russell Gower, Regional Operations Manager at Greggs comments:  “We’re delighted to be able to invest in this prime Cardiff location and provide our valued customers with a modern and convenient new shop. From our traditional sausage rolls to our sandwiches and flatbreads, our freshly-ground coffee to our range of sweet treats, Greggs on Queen Street will provide a welcome boost for all those shopping, visiting and working in Cardiff’s thriving City Centre.”

Ian Newbury of Cooke & Arkwright adds, “We are sure Greggs will do a brisk trade in their new Queen Street location, as it’s very popular with shoppers visiting a variety of retailers in the immediate vicinity including Primark, Matalan, Foot Locker, New Look and Superdrug.”

Pictured: Greggs Area Manager, Sian Collins and Ian Newbury, Cooke & Arkwright, and external scene, with Hayley MacDonald, Greggs Shop Manager

I have worked with Jeremy Symons over the past three years successfully leasing and buying property in support of my business. I continue to be very pleased with his knowledge of the market and expertise. Our relationship over this time has resulted in acquiring 20,000 sq ft at Capital Business Park in Cardiff, leasing 11,000 sq ft at Southpoint, and subsequently leasing an initial 42,000 sq ft at Parc Bedwas, followed by a succession of expansions of a further 11,000 and then 47,000 sq ft, enabling us to centralise all of our operations at Parc Bedwas in a single 100,000 sq ft facility. The acquisitions were completed at the perfect time for tenant purposes and the rent fixed throughout the term at very economical rates. A job well done.

Bob James, Aerfin