New owner of St Vincent House office complex in Ipswich plans refurbishment
PUBLISHED: 11:01 30 August 2017 | UPDATED: 11:50 31 August 2017
The landmark St Vincent House office building in the centre of Ipswich is to be refurbished following its acquisition by Manchester-based MCR Property Group.
The purchase price has not been dislosed but the building, which has total floorspace of more than 58,000sq ft, was marketed with a guide price of £5.3m.
MCR plans to refurbish all vacant parts of the multi-let building, with the aim of “providing high quality office space to help attract new businesses to the area and generate employment opportunities”.
Chris Taylor, asset manager at MCR Property Group, said: “St Vincent House is an exciting prospect for businesses, located on central Ipswich’s inner ring road and only an hour’s train journey from London.
“We plan to breathe new life into the property, creating attractive, functional office space that fits with Ipswich’s reputation as the principal business centre in East Anglia.”
The MCR Property Group is a real estate investment and development company focused on the strategic acquisition and repositioning of commercial, residential, industrial and retail assets across the UK.
Established in 1989, the company model has recently moved from retaining assets in the long-term, to trading assets centred specifically on securing value add opportunities across the UK.