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

Share this

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.

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