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Additngton Capital and EPISO Welcome Tim Hortons to Cardiff

Additngton-Capital-and-EPISO-Welcome-Tim-Hortons-to-Cardiff

Addington Capital was first established in 2010 by Martin Roberts and Matthew Allen. The company works in independent asset management and investments. Since the business was established, Addington has been able to complete more than £850 million of deals and has also developed a platform in the office, retail and residential sectors. Addington work with their partners in order to deliver value through active asset management services.

In their latest venture, Addington Capital has formed a partnership with EPISO, a shopping centre owner. The partnership has been formed an opportunity fund which has been advised by Tristan Capital Partners. This transaction has attracted Tim Hortons looks to open in the Queens Arcade Shopping Centre in Cardiff.

Tim Hortons is a well-known Canadian Coffee House and the chain will be taking out a ten-year lease on Unit 20 of Queens Arcade. The 2,500 sq. ft. and it is thought that the new coffee house will occupy a prominent location close to the entrance of the shopping centre. Tim Hortons is one of the largest restaurant chains in North America and operates in the quick serve sector. The company is well known for their lattes and “Dark Roast” coffees. There are more than 4.600 restaurants in Canada, the United States and the Middle East. This newly announced agreement will be the first in the chain to be opened in Wales, with a restaurant recently being opened in Glasgow.

Tim Hortons started off as a single location in Canada in 1964 and now TIM HORTON® is well known for being one of the largest restaurant chains in North America. Offering a range of drinks, baked goods, and pre prepared savoury food such as sandwiches, wraps and soups. The chain looks to cater to a wide range of customer tastes with their wide ranging menu.

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BDC 317 : Jun 2024