Regeneration is good news for Ipswich – September 2017

There’s some further terrific news to announce about the ongoing regeneration of Ipswich town centre.
There’s some truly excellent work going on around and about, exciting developments and plans afoot, following the publication of the Ipswich Vision a couple of years ago.
The latest good news comes from Colchester-based property developers, Pertwee Estates, who’ve submitted plans to the Borough Council for the redevelopment of the Princes Street malthouse.
We’re delighted to be acting on their behalf and we’ve at this early stage already seen interest from potential tenants.
The developers have a bold and ambitious plan to turn around the fortunes of a building that dates back to the 1820’s and has had a somewhat chequered history.
As a malthouse, it was part of the town’s boom in agricultural industry. More recently, it was a nightclub, one with a somewhat shady reputation that closed a decade ago.
Plans to breathe new life into this iconic building are likely to be welcomed by all.
Mark Pertwee of Pertwee Estates says the building is in surprisingly good condition for its age, and his firm plans to create something quite special and unique in the town.
The Maltings, as it will be known, is to be restored in a style that he describes as “Ipswich meets Shoreditch”. By that he means that exciting East End “de-furbished” and stripped back warehouse style space that’s taken off in major cities and is very sought after.
Recent industry research shows that relaxed office spaces that reflect modern working practices can be a big draw for the young and ambitious. Mark believes space of this kind has been sought by creative industries for a while, but increasingly its appeal has spread to solicitors’ and accountancy firms, and businesses such as engineering design.
It comes alongside news that a Surrey-based company, Plutus Estates, has bought land just a few hundred yards along the river and opposite Cardinal Park for a mixed use development.
And it’s part of a real good news story for this part of Ipswich: new offices, demolition of eyesore sites, redevelopment of the railway station and a number of important players in the town moving into this area.
This is a continuing success story for the town and should not be overshadowed for even one moment by the recent negative headlines about drug dealing and violence.
This is indeed a town on the up and we look forward to playing our part in its continuing growth and greatness.

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Vanessa Penn

About Vanessa Penn

Vanessa Penn was formerly Director of Commercial Agency for Countrywide Commercial, Bradford & Bingley and Douglas Duff part of Erinaceous Plc. Vanessa now runs her own agency Penn Commercial located in Ipswich, Suffolk www.penncommercial.co.uk. Penn Commercial boasts a number of local, regional and national clients and has formed an excellent and loyal client base.
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