The former Post Office on Deiniol Road in Bangor has been bought, with a vision to turn it into a world-class business centre.
Built in 1909, the building served as a Post Office until 2008 when it relocated to Bangor High Street. The Grade II listed building was subsequently converted into a nightclub, but the venture eventually closed. Since then, the venue has remained vacant, despite extensive efforts to find a suitable user who could manage a project of this scale.
It has been revealed that the building has now been bought by a business called ‘Ideas’, backed by Professor Dylan Jones-Evans, alongside Francesca James and Nick Pritchard.
In a statement, Dylan Jones-Evans said: “Ideas – the business established by Dylan Jones-Evans Francesca James, Nick Pritchard and myself – will be making three exciting announcements over the next few days about our expanding portfolio of projects supporting entrepreneurs and founders.
“The first is that we are delighted to announce that we have bought the Old Post Office in Bangor.
“Our vision is to transform this iconic building into a world-class business centre and a dynamic hub for entrepreneurship that will become a focus for innovation in the heart of the city of Bangor, providing a dedicated space for pioneering ideas and transformative ventures.
“A key component of this initiative is fostering stronger collaboration with Bangor University to encourage more graduates to start their own businesses and provide support to commercialise the intellectual property generated by academics.
“By working closely with the university, the aim is to unlock the potential of research and innovation, ensuring that groundbreaking ideas translate into successful commercial ventures that can be based in Bangor itself.
“As directors of the business, both Nick Pritchard and I have strong links with the city. Nick is the powerhouse behind the revival of the Bangor City Stadium and I was not only born in the city but worked as a professor at the university for a number of years.
“So this is very much a passion project for both of us but one we believe will make a real economic impact on the city of Bangor.”