City-based St Mary’s Square Developments has acquired the unoccupied Mond Buildings thanks to a six-figure loan arranged with the help of Swansea Council.
The company is now working on creating plans for the building which stands at the corner of Union Street and Park Street.
It’s anticipated that the ground floor will be retained as commercial space with the uses of the other floors possibly including commercial and accommodation.
The structure dates from 1911 and is grade two listed.
(Image: Swansea Council)
(Image: Swansea Council)
(Image: Swansea Council)
St Mary’s Square Developments director Peter Loosmore said: “It’s great to have the opportunity to transform The Mond. It retains many unique features and we plan to consider how best to use them in future.”
Other city centre transformation work undertaken by Mr Loosmore includes the Kings Buildings, opposite the Dragon Hotel, and Market Lofts between The Kardomah and Oxford Street.
Council leader Rob Stewart said: “Future generations will benefit from the new uses of the Mond Buildings – just like they will at other heritage buildings successfully regenerated nearby, including the Albert Hall and Palace Theatre building.
“The council-driven £1bn regeneration of Swansea continues at pace.”
Funding to support the acquisition of the Mond Buildings was made available via a Transforming Towns Loan issued by the council.
The council say that the restoration will require additional funding support and it will continue to advise the owner on this. Work will be subject to the planning process.
(Lead image: Swansea Council)
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