Principality moves to Hereford’s historic centre

9 December 2020
  • Principality moves to Hereford city centre advised by Cooke & Arkwright's Retail & Leisure agency
  • Principality moves to Hereford city centre advised by Cooke & Arkwright's Retail & Leisure agency

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Principality Building Society has opened its doors in a new location in Hereford to increase its services to members and customers in the area. Principality has moved from Peters Square to Alban House, 18 High Town. The prime location in the centre of the cathedral city was acquired for Principality by Cooke & Arkwright’s Retail & Leisure agency.

The new branch occupies one of two retail premises on the ground floor of the recently restored Alban House in High Town, the main shopping thoroughfare in Hereford city centre.

Shaun Middleton, Head of Distribution at Principality Building Society said. “We’re pleased to announce our Hereford branch has moved to the central location of 18 High Town. The relocation has allowed us to offer increased space and services to support our members in Hereford and the surrounding area, including a mortgage advisor. We look forward to welcoming members in a safe way and continuing to support the local community in the coming year.’’

Huw Thomas, Director with Cooke & Arkwright added, “This 100% prime city centre location is three times the size of Principality’s former premises in St Peters Square, a secondary location nearby. The unit in Alban House also benefits from being completely new as the building has been fully redeveloped, retaining its Grade II listed façade, following a fire a few years ago.”

Principality is the UK’s sixth largest building society with over half-a-million members and was founded in Cardiff over 160 years ago.

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