Ipswich Borough Council is set to sell the former Fisons building in Princes Street to enable it to be brought back into use in the next twelve months, with the aim of bringing many new jobs to our town.
The redevelopment will be another major step towards the establishment of Princes Street as an important business district, and the sale will generate a capital receipt for the Council which can be invested elsewhere in town.
It is hoped that work on redeveloping the building - which comprises of 43,000 square feet of office accommodation and 65 car park spaces - will start in February and be ready for the first tenants to move in by November.
The building is between the railway station and the town centre which makes it a highly desirable location. Ipswich lacks modern office accommodation and along with Birketts new office plans further along Princes Street, this development will help bring new jobs to Ipswich. The redevelopment of the building will also provide jobs in the construction industry in the new year.
David Ellesmere said: “We have already seen keen interest in other properties along Princes Street with Birketts hoping to move just a few yards along from this building and other companies also looking for high quality office accommodation. This is a boost the Ipswich economy needs and one which may not have happened without a forward-thinking Labour Council."