One of Swansea's best known buildings has been sold.

The sale of the development at Meridian Quay was completed this month, after a bidding war when it was put on the market in September last year.

Six firms, from UK and overseas, were locked in a battle to acquire the lucrative city centre asset - originally put up for sale at £6.7m.

The latest details from estate agent Dawsons, however, list the Meridian Quay development on sale for £3.5m.

But it has not yet been revealed who the new owner is, or what the final selling figure was.

Meridian Quay, including the highest residential building in Wales situated in Swansea Marina

The tower at Meridian Quay - standing at 351ft - has 29 storeys, double the number of the previous tallest building in the city - the BT tower. It cost £70m to build.

Key to the development is the magnificent penthouse, which has never been lived in .

Residents are now believed to be living in most of the remaining 45 unsold apartments dotted around Meridian Quay.

Dawsons' selling information reveals the unsold units range from one bedroom to three-bed apartments - totalling more than 44,000 sq ft of accommodation across Meridian Tower, Meridian Wharf and Meridian Bay.

The penthouse kitchen has never been used

It's claimed the properties have a gross potential of achieving £660,000 each year.

The lease for the penthouse floors of the tower - occupied by SA Brain - has a passing rent of £105,000 a year.

The Meridian Tower might not be the tallest in Wales for much longer:

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It's not expected that the new leaseholder will put all the unsold apartments on the market at once.

But the development has been dogged by controversy.

The flat is the highest residential property in Wales

The company that built it in 2006, Carillion, went into compulsory liquidation in January last year.

And during construction, in January, 2008, one of the builders died after falling three storeys from the tower.

The new leaseholder will be responsible for the condition of the buildings, and will take on ongoing and outstanding schedules of work.