Multi-million pound sale and lease deal at Ransomes Europark, Ipswich
- Credit: Archant
Fenn Wright and Reader Commercial have recently completed one of the most significant sales and back-to-back lettings on Ransomes Europark, Ipswich for several years.
Terms were agreed in October on behalf of Commercial Estates Group for the sale of the site of the former Ransomes offices and the ex-Cinram factory building on the junction of Central Avenue and Ransomes Way to John Grose Group Ltd.
The overall site extends to 12.5 acres and the factory provides a total of about 83,000 sq ft.
Contracts for the sale of the site were exchanged within only three weeks and the letting of the former factory, to the logistics company Marexport, was put in place shortly afterwards - completing just before Christmas.
Alistair Mitchell, Partner at Fenn Wright’s Ipswich office, said: “The sale of the site to John Grose Group reinforces the company’s ongoing commitment to the Ipswich area. There are very few warehouse buildings currently available and the immediate letting of the former factory building to Marexport demonstrates the strong level of pent up demand present in the current market.”
You may also want to watch:
Birchall Steel represented Marexport.
- 1 WATCH: 'Selfish' drug-driver ploughs into police detective's vehicle
- 2 Body of man, 22, found in River Orwell
- 3 First look at £10m Sudbury garden centre revamp
- 4 Mum of 'beautiful' Lily calls for young people to have their hearts tested
- 5 'I can't carry it' - Shock as plant starts growing eight inches a day
- 6 'I'll always have love for Ipswich, but it was time to move on' - Dozzell signs for QPR
- 7 QPR trigger buy-out clause to sign Dozzell for £1m
- 8 'Kind and loving' husband-to-be dies of lymphoma aged 27
- 9 Former Town assistant Taylor back in football
- 10 265 new homes set to be built off A14 at Stowmarket