Waitrose is to open its first store in Cardiff.
The retailer has signed up to open a 38,000 sq ft store at Deutsche Bank’s Avenue Business Park.
Waitrose has taken a 20 year lease on the former DIY store premises.
Quality food
Nigel Keen, Waitrose director of development, said: ‘This will enable us to deliver a wider choice of quality foods and services, which we believe will help add to the vibrancy of the area and retain trade within the local business community.’
Owen Pritchard, associate at Knight Frank who acted for the landlord, said: ‘Cardiff is crying out for a top quality food retailer like Waitrose. Cardiff residents will now have an improved choice of where they shop.’
Expansion
Waitrose is embarking on a substantial expansion programme. Managing director Mark Price is looking to double the size of the business within the next five to ten years.
The Cardiff store will be Waitrose’s fourth store in South Wales. The other stores are in Monmouth, Abergavenny and Barry.
Other deals
Deutsche Bank is also close to sealing office deals of over 100,000 sq ft at Avenue Business Park. B Braun Avitum has taken 11,263 sq ft for a kidney dialysis unit, and Gardners Digital Printers has bought 61,309 sq ft across two units. Another manufacturer has been linked with a 53,000 sq ft unit on the site due to be vacated by Boots.
Knight Frank advises Deutsche Bank.
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