The Maltings, the former Hollywood, Kartouche and Zest nightclub building in Princes Street, set to be transformed into upmarket offices.

East Anglian Daily Times: This is how The Maltings could look after the redevelopment. Picture: PERTWEE ESTATESThis is how The Maltings could look after the redevelopment. Picture: PERTWEE ESTATES (Image: Archant)

The MaltHouse, in Princes Street, will be converted by new owners, Pertwee Estates. The experienced Colchester-based business park developers, brothers Mark and Julian Pertwee, have agreed to purchase the historic buildings - subject to planning permission being granted - from owners Ipswich Borough Council.

The former entertainment venue, which previously operated as The MaltHouse, and before that as Zest, Kartouche and Hollywood nightclubs, has been empty for many years, but officially closed in 2015.

Mark Pertwee, managing director, said: “This is part of the re-generation of the Princes Street area.

“This is the gateway into Ipswich and this is an important building. It is very exciting what is happening in the Princes Street area and what is happening in the Waterfront.”

East Anglian Daily Times: Hollywoods during its official opening night in 1988Hollywoods during its official opening night in 1988 (Image: Archant)

His brother Julian added: “There is a real buzz about the area. It is the perfect time for a new, exciting project like this.”

The multi-million pound plans include creating a new glass atrium linking the main buildings, and light wells to illuminate the site with natural light. There will be three floors of unusual-shaped suites in the taller, turret shaped building too, with views over the river.

Mark added: “This is securing the long term employment use. Hopefully it will be fit for another 150 years.

“There could be 200 to 300 people working there. It will be very modern, flexible space, for a mix of businesses of various sizes, including creatives.

East Anglian Daily Times: The former Hollywood nightclub is now earmarked to become a new office development. Picture: DAVID VINCENTThe former Hollywood nightclub is now earmarked to become a new office development. Picture: DAVID VINCENT (Image: Archant)

“There will be 23,000sq ft of offices and about 3,500sq ft of circulation spaces. The building is in pretty good nick for something built in 1820.”

Julian is investigating the sustainability and ecological elements of the development.

Although solar panels are not appropriate for listed buildings, he is looking into air source heat pumps and CHP (combined heat and power) for the project.

Vanessa Penn, of commercial agents Penn Commercial, said: “These are important buildings for the regeneration of the area, and for the vision for Ipswich.

“We have already had some interest in it at this early stage.”

Pertwee Estates has been in property development since the early 1990s, building and operating commercial units in Colchester.

The family business had previously been in agriculture trading and supplies, dating back a further 120 years, said Mark.

Its Lodge Park development grew from small beginnings to having 27 companies on site, and has since been sold.

Julian Pertwee added: “It is the perfect time for a new, exciting project like this.”

The firm has experience in commercial and residential new build and regeneration and refurbishment, he said.

The re-development designs are by Colchester-based architect Rob Esposito, of Esposito Architecture, added Mark.

If planning permission is granted later this year, work could be under way early in 2018.