Cardiff's Coal Exchange saved in £40m hotel revamp

Once complete, the disused Grade II listed building in Cardiff Bay will also host weddings and conferences.

8th April 2016

Once complete, the disused Grade II listed building in Cardiff Bay will also host weddings and conferences.

About 100 construction jobs will be created when work starts and it will employ 60 staff once open.

Developer Signature Living said the building "once again will become the jewel in Cardiff's crown".

The redevelopment should take 18 months and the first phase is expected to open later this year., ship owners and their agents traded on the floor of the building.
The Coal Exchange is regarded as one of the city's most significant historical buildings - it was where the first £1m cheque was signed - and there have been several failed bids to bring it back into use.

The project will see all its original features restored and a heritage area dedicated to its history created.

The deal ends years of uncertainty surrounding the future of site and the firm said it hoped its investment would further boost the regeneration of Cardiff Bay.

Signature Living co-founder, Lawrence Kenwright, said the firm's plan was a "credible and serious" one which was "hugely exciting for Cardiff".

"The Coal Exchange is a magnificent landmark building. Our plan to regenerate it will make it something that Cardiff can be proud of once again," he said.

Construction Enquirer: http://www.bbc.co.uk/news/uk-wales-south-east-wales-35996068