Pandora boost to Merthyr High Street

Fast growing Danish jewellery retailer open in time for Christmas

12 October 2015

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Cooke & Arkwright’s Retail Agency team has let a unit to fast-growing Danish jewellery retailer Pandora, in a prime section of High Street in Merthyr Tydfil. The high profile letting to Pandora franchisee, David Christopher Ltd, has seen the concept store providing a welcome boost to the town since it opened at the end of October.

Ben Davies, surveyor within the Retail Department comments, “This new high quality store will help to lift to the town centre retail offering and is a vote of confidence in the town from a retailer who has been successful in identifying locations with growth potential. Merthyr Tydfil has traditionally faced out-of-town competition from Cyfarthfa Retail Park, but is undergoing various regeneration works including plans for a new transport hub and the restoration of the Grade II listed YMCA building to bring it back into commercial use. The unit is in a pedestrianised area close to Beacons Place and St Tydfil Shopping Centre, with occupiers in close proximity including EE, HSBC, Barclays Bank, O2 and Poundworld.”

Cooke & Arkwright’s Building Surveying department carryied out the agreed landlord works prior to opening.

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Cooke & Arkwright have been providing rating valuation advice to The Welsh Rugby Union Limited (“WRU”) and Millennium Stadium plc for many years. They were recently successful in achieving substantial reductions in the assessments of the Millennium Stadium, covering both the 2005 and 2010 rating list. These negotiated reductions yielded savings of c.£3.5m which, crucially, allows the WRU to re-invest in rugby throughout Wales. They advise the WRU across the group portfolio including the National Centre of Excellence in the Vale of Glamorgan. The valuation issues across the WRU portfolio are complex requiring a high level of understanding of the funding and finances of professional sport in Wales. Cooke & Arkwright’s experience and understanding of these issues and application to the rating valuation have yielded these substantial negotiated reductions. The WRU and the Millennium Stadium entrust our work to organisations with the required levels in experience and expertise in dealing with these complex issues. I am glad to say we have this expertise in Wales. I would have no hesitation in recommending ratepayers making use of this Welsh based expertise.

The Welsh Rugby Union Limited, Welsh Rugby Union Group