Welsh drinks and hospitality company SA Brain is to relaunch the restaurant atop Swansea's £70m Meridian Tower, which closed this spring after the previous owner was declared bankrupt.
The Penthouse restaurant, which is located on the 29th floor of the 300ft tower overlooking Swansea, Bristol Channel and Brecon Beacons, first opened last December.
It was reoccupied in April, just four months after opening, after the former operator Peter Way Restaurants was declared bankrupt and taken to London's High Court over thousands of pounds in unpaid wine bills.
Developer Earthquake UK reoccupied the site and remarketed it, looking for a new operator.
Now Cardiff-based SA Brain, which runs more than 270 pubs, bars and hotels across Wales and the west of England, is taking over the restaurant.
The company said contractors were on site refurbishing the tower's top two floors with a view to reopening it as an all-day dining destination, Grape and Olive, in mid-November.
"Contractors are on site, the development is well under way and we're working towards a mid to late November opening, likely to be around 18 November. It will be known as Grape and Olive and will be open all day," said a spokesman.
By Kerstin Kühn
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