UPDATE ON THE RETAIL UNITS
We are delighted to say that we are now in detailed discussions with independent retailers about two of the three shop units in The Corn Exchange.
These businesses want to bring new and original shopping experiences to Crickhowell. We can’t give all the details now but we can say that what they offer has significant differences from other businesses in the town.
Managing Director, Dean Christy, said: “One of our potential tenants is offering a shopping experience which has never been seen in Crickhowell, probably in Wales. It is a very exciting idea which will help put the town on the map and cement its reputation for original and interesting shops.”
“The other business aims to engage with the growing artistic community in Crickhowell and become a hub for creative thinkers. It also has other strands from artisan products to locally sourced goods and services.” he said.
The Corn Exchange Crickhowell Ltd board considered seven applications following a successful Open Weekend during which we showed off the nearly completed shops. We hope to be able to make announcements about the two shops within days.
We are still considering applications for the third unit but we have not yet reached a decision because we want to see who else comes forward as the building comes even closer to completion.
CECLtd Communications Director, Tim Jones, said:” In all, we have spoken to more than 60 people about the shops and the fact that we are only now making decisions demonstrates how careful we are being about the tenants we choose. Our shareholders have laid out a clear tenancy policy for us and we are following it. We think we have found the right people to go into two of the shops – which leaves a single window of opportunity for someone else to come forward, quickly, before we make a decision on the third.”
We also hope that, once the shops and flats are let investors will want to celebrate the success of The Corn Exchange project and buy the remaining shares which are on offer.
Finance Director, Peter Roberts, said: “The last Open Days showed people how close we are to finishing the conversion of The Corn Exchange and how attractive the shops and flats will be. That brought in over £10,000 of new investment but there are still shares to sell. Whoever buys them will become part of what is shaping up to be a phenomenal success for Crickhowell.
