One of the town’s major thoroughfares is Princes Street. Its importance to Ipswich lies in its location and function, linking the train station to the town centre, while connecting commuters to other parts of the town.
There are 10 Enterprise Zones across Norfolk and Suffolk, areas that deliver special benefits and incentives to encourage enterprise, such as simplified planning, rent relief and superfast broadband. Princes Street is one of them. Ipswich Vision has identified redevelopment of the town’s commercial district as a main priority – work on which has transformed the area.
Regional law firm Birketts Solicitors moved into its new purpose-built headquarters in 2018. Following development support from Ipswich Borough Council, the flagship office for one of the town’s biggest employers is now home to over 300 staff.
Additionally, tenants have been attracted to the landmark Connexions 159 building, the former Fisons building on the junction of Princes Street and Commercial Road, and now a stunning business centre. Despite only opening its doors late in 2016, the multi-million pound redevelopment has been declared fully occupied by spring 2019.
Further development plans for the area continue apace. The exciting conversion of the historic Maltings into prime office space is nearing completion. Meanwhile, the council is exploring plans for a new multi-storey car park behind insurance giant AXA’s offices, while talks continue with a number of companies keen to develop the old Drum & Monkey pub site.
And so it seems the recent, award-winning development of Ipswich’s main train station has proved to be a tremendous catalyst for the area’s transformation. Subsequently, both symbolically and practically, Princes Street is shaping to become a major commercial hub for the town and a significant magnet for employment growth.
We’re a company with ambitious growth plans, but we’re still essentially a start-up. So when we looked at this space we didn’t think we’d be able to afford it. Fortunately the building’s in an Enterprise Zone, so we’ve effectively got a discounted price for five years. It’s definitely been the right move for us. Our staff are much, much happier after two years in a very cramped space. And you can see the effect on new prospects and new clients’ faces as they walk through the door...
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