Two regional dailies are set to move to new offices next summer in what their publisher is hailing a “significant investment” in its business.
Contracts have already been exchanged on the new purchase of the new building, with the old one set to be sold to developers.
The new building, pictured below, will house 100 Archant employees and is to undergo a full refurbishment ready for an office move in late summer 2016.
Archant chief executive 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.”
Archant has agreed to sell the Lower Brook Street premises to Montague Asset Management LLP, owned by Ipswich developers The Churchmanor Estates Company plc
Both contracts are expected to be completed early in 2016.
Stephen Clark, mnaging 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.”