Archant has announced a significant investment to the Ipswich business, as it exchanged contracts to purchase a new office and sell its offices on Lower Brook Street.
The investment will see employees of brands such as the East Anglian Daily Times and the Ipswich Star move to Portman House on Princes Street, Ipswich. The new office will house over 100 Archant staff.
Jeff Henry said; “This investment affirms our commitment to Ipswich and to our Suffolk publishing interests through the purchase of the landmark building, Portman House. Situated in the heart of the emerging business sector within Ipswich, it is the ideal home for our portfolio of Suffolk brands, and is another proof point of our commitment to engaging with communities across the UK.”
As part of the move, Archant has agreed to sell its current Ipswich headquarters on Lower Brook Street to Montague Asset Management LLP, owned by the Ipswich developers The Churchmanor Estates Company plc.
Both contracts are expected to be completed early in 2016, with a full refurbishment of Portman House taking place before an anticipated office move in late summer 2016.
© Archant Ltd 2013