Swansea City Council and its private sector partner Development Bank of Wales have won a CoStar Impact Award for their restoration and redevelopment of a listed building that once hosted historic performances from the likes of Charles Dickens and Oscar Wilde.
The partners have been recognised by an independent panel of industry professionals working in the market for their transformation of Swansea's Albert Hall into a multifunctional space that judges say "combines heritage preservation with modern innovation".
Hosting the city's largest food hall, the Council and Development Bank of Wales won Commercial Development of the Year for Wales for its "significant impact" on the local economy and community, with the structure becoming a cultural hub.
Originally built in the 1860s, the redeveloped property also hosts modern offices and amenities, such as a gym, breakout area, a "Zoom room", and shared rooftop terrace. It has already attracted diverse tenants, including small businesses and start-ups.
About the project:
The development faced several challenges, including historic preservation constraints, complex building structure, economic challenges and funding issues.
However, these were overcome through innovative solutions and effective partnerships. Local agents say the project exemplifies how modern innovation can create multifunctional space that supports economic growth and community engagement.
The building was originally called the Music Hall, but renamed Albert Hall 11 years later. It has always used as an entertainment hub in Swansea and is a short walk from the mediaeval castle in the city centre.
What the judges said:
John James at Fletcher Morgan said: "This complicated development will have a long-lasting social and and business impact as well as retaining a grade II-listed building."
Huw Thomas at Huw Thomas Commercial Property Consultancy added: "The age and historical importance of this building will have presented a significant challenge to the developer in restoring a listed building and broadening the future uses & commercial viability of the asset."
They made it happen:
Celyn Evans, head of marketing at Loft Co; Rob Stewart, Swansea Council Leader at City and County of Swansea Council; Simon Baston, CEO, Alex Baston, commercial director, Daisy Thomas, marketing and events manager, Chloe Morgan, graphic designer and marketing executive, all at Loft Co; Jon Hurley, director at Asbri Planning; Alex Knight, associate director at RPA Group; Kelly Davies, technical assistant at RPA Group; and Richard French; director at RNF Property Group.