The investment will see employees of Archant 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 employees.
Jeff Henry, CEO, Archant 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.
Stephen Clark, Managing Partner of Montague Asset Management LLP said “We very much look forward to developing the Lower Brook Street site; we see this as an excellent opportunity to use our knowledge and expertise to assist in the redevelopment and rejuvenation of a major town centre site.”
