Only three plots remaining at Ransomes Europark in Ipswich
- Credit: Archant
Only three small sites now remain available on the Ransomes Europark commercial and retail estate in Ipswich following the acquisition of a further 1.34 acres by Edison House Group.
The sales come quickly after the purchase of an adjoining parcel of land by Coastal Building Supplies and means that less than seven acres still remains unsold on the business park, out of a total of around 220 acres.
The Edison House Group, whose companies include electrical and engineering contractor CJ Electrical and Eastern Fire Protection, is already represented at Ransomes Europark and its expansion will allow the development of further workshop/distribution space.
Chris Powell, chief executive of Edison House Group, said: “We seem to have had a winning formula for carrying out both online business and the more traditional service based business within our group of companies.
“The additional warehouse and office space will allow for both the existing businesses to grow and also allow one or two new businesses to join the group and take advantage of our economies of scale.”
Edison House Group has evolved out of CJ Electrical, which was first established in 1988, and now employs around 90 people in total.
The additional site purchased by the group was marketed through joint agents Savills and EWS on behalf of Maro Developments Ltd, with the price achieved being more than £600,000. The joint agents are now marketing the last remaining plots on the business park which range from around one to four acres in size and are said to be capable of supporting a wide range of business uses.
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Chris Moody from the Ipswich office of Savills said the latest deal means that Ransomes Europe is now fast approaching its full capacity.
“I have been working on this since 1985,” he said. “At 220 acres it is the town’s premier business park, with a wide variety of business users, a really eclecti mix.
“There are offices like Mediterranean Shipping Company and BDO, motor dealerships including Mercedes, Ford and Lexus, and the retail park too which has a tremedous offer.
“We also have the driving test centre,” he added.