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 three-storey structure dates from 1911, is built of Portland stone in the Edwardian Baroque style and is grade two listed. Its architect was Swansea’s CT Ruthen.
St Mary’s Square Developments director Peter Loosmore said: “I thank the council for their help in allowing me to acquire this stunning building.
“As a Swansea business it’s great to have the opportunity to transform The Mond. It retains many unique features despite it having a variety of previous uses – and we plan to consider how best to use them in future.
“We’re now working on creating a plan that’ll revitalise The Mond and bring it back into use.”
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: “We’re delighted to be helping in the process that’ll see another fantastic city centre building given a big future.
“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. Through 2025 there’ll be more exciting news on city centre schemes such as a greener, more welcoming Castle Square, the new community services hub Y Storfa and new-style office space 71/72 Kingsway.”
Funding to support the acquisition of the Mond Buildings was made available via a Transforming Towns Loan issued by the council.
The building’s restoration will require additional funding support; the council will continue to advise the owner on this. Work will be subject to the planning process.
