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.

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