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Ipswich: St Joseph’s site sold to school in multi-million pound deal

09:00 01 February 2014

St Joseph

St Joseph's College

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St Joseph’s College in Ipswich has bought the freehold of its site from the religious order that founded the school.

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The college was founded in 1937 by the Roman Catholic De La Salle religious order that runs educational institutions around the world.

In 1995 the boys’ school merged with the girls’ School of Jesus and Mary and became independent of the religious order.

However the De La Salle order continued to own the freehold of the school and received a rent from it.

Now the school has signed a multi-million pound deal to buy the freehold of the 60-acre site, a move which should enable it to seek further investment in future years.

The investment follows the College’s building of an award-winning Prep School; a state-of-the-art, floodlit artificial sports pitch; and the impending completion of new sports changing facilities.

In total, the school has invested about £10 million in its site over the last six years.

Chair of Governors Josephine Lea said: “For many years we have wanted to secure the freehold interest in our campus which was retained by the De La Salle religious order when they left the site in 1995.

“This deal, the outcome of several years of discussions and complex negotiations, is great news for both Suffolk’s educational provision in general and for the future development of St Joseph’s College in particular.”

Owning the freehold would give the school much more scope to develop in the future.

Mrs Lea added: “As with any tenancy, there are limits to the level of investment that can be made in the fabric and facilities of a leased property and this deal provides a great platform for the next phase of development of the school.

“Our thanks go to Barclays Bank for their support and commitment as well as to the De La Salle Trust for their recognition of the importance of freehold ownership to the long-term development of St Joseph’s College.”

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2 comments

  • Great school very good dyslexia unit best probably in east anglia. Just hope they are not over stretching themselves by buying the freehold. From a Old Birkfieldian.

    Report this comment

    Richard Tann

    Saturday, February 1, 2014

  • Interestingly no mention of the fact they parted company with the Headteacher a couple of weeks ago, with immediate effect.

    Report this comment

    alittlebitwoolly

    Sunday, February 2, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

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