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

Mansford has expanded its investment portfolio over the last few years. Over this time Andrew West has provided us with a full rating valuation service which has involved giving a view on liabilities prior to acquisitions, as well as conducting negotiations with Valuation Officers on our UK estate. The portfolio includes a wide range of properties from shops, offices and pubs to major leisure schemes. He has been particularly successful in mitigating our liabilities to empty property rate, which has been an issue on acquisition prior to implementing our development and letting strategy. I have no hesitation in recommending Andrew's expertise in rating valuation for all property types. The profile of property within his portfolio and the successes achieved are testament to his position as an extremely accomplished rating practitioner.

Leopold Hall, Partner, Mansford LLP