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.

The disposal of 120,000 square feet on the Heads of the Valleys Industrial Estate was a particularly satisfying task. The building had been rebuilt following fire damage, and Jeremy Symons and his team were successful in identifying a nearby purchaser looking to expand. The sale price, at £4,000,000, represented a record sale price for a property of this nature in the area, and with great tenacity and endeavour was completed in a timely fashion. An excellent result.

Richard Hayward, Richard Hayward Properties